Mortgage Brokers across the Country and in Toronto are answering more and more calls as homebuyers panic to lock in affordable interest rates.

First-time homebuyers can rush the important process of buying in a heated market as well.

Here are a few tips for first-time homebuyers to avoid Panic.

• Down Payment and Deposit: Have all your banking accounts and paperwork in order for the required Real Estate deposit.
• The Home Buyers Plan: Financing from an RRSP can be used to buy or build a home ($50,000) per couple.
• Mortgage Pre-Approval: Find how much you can afford in monthly costs
• Professional Help: Your team will include a knowledgeable Toronto Real Estate Agent, Mortgage Broker, Lawyer, Home Inspector, and Home Insurance Agent.