Buying a Home in Toronto
Buying a home? Start with the right mortgage strategy.
Buying a home? Start with the right mortgage strategy.
Firmway helps homebuyers compare mortgage options, qualification requirements and potential cashback opportunities — all through one streamlined mortgage process.
Firmway helps homebuyers compare mortgage options, qualification requirements and potential cashback opportunities — all through one streamlined mortgage process.
Qualified buyers may have access to available lender cashback plus potential extra cash from Firmway.
Qualified buyers may have access to available lender cashback plus potential extra cash from Firmway.
No obligation · Toronto & Ontario · Personalized mortgage guidance
No obligation · Toronto & Ontario · Personalized mortgage guidance
Your home purchase
Mortgage options
- Cashback opportunities
- Clear comparison
- A clearer purchase plan
Start With a Plan
Your mortgage strategy starts before you find the home
Understanding your potential mortgage options early can help you approach your home search with more clarity.
Firmway helps review your purchase goals, approximate mortgage amount, timing and mortgage options before you move deeper into the buying process.
Your budget
Understand the approximate mortgage range you're considering.
Your timeline
Consider when you expect to purchase or close.
Your mortgage options
Review available mortgage solutions based on your situation.
Your cash opportunity
Explore whether eligible lender cashback and potential Firmway cash may be available.
Mortgage Qualification
What can affect your mortgage options?
Mortgage qualification depends on your individual financial situation and the requirements of the mortgage program and lender.
Firmway helps organize the information needed to understand which mortgage options may be worth exploring.
Income
Your income and how it is documented may affect mortgage qualification.
Employment
Employment type and income structure may influence available options.
Down payment
Your available down payment is an important part of the home purchase structure.
Credit
Credit history is one factor lenders may review when assessing an application.
Debt
Existing financial obligations may affect the amount you can qualify for.
Property & purchase
Purchase price, property details and transaction structure can influence mortgage options.
Final mortgage qualification depends on the lender, mortgage program and complete client application.
First Home?
Buying your first home doesn't have to feel overwhelming
A first home purchase can involve several financial and mortgage decisions at the same time.
Firmway helps first-time homebuyers understand the mortgage process, compare available options and prepare for the steps involved in completing a purchase.
Understand your mortgage
Learn what information may be needed to evaluate available mortgage options.
Plan your purchase
Understand the relationship between your purchase price, mortgage amount, down payment and closing timeline.
Prepare for closing
Consider closing-related expenses in addition to the purchase price and down payment.
Compare the complete value
Review mortgage rate, cashback opportunities, requirements, restrictions and estimated overall mortgage cost.
More Value From Your Mortgage
Could your home purchase include cashback?
Potentially.
Certain eligible mortgage programs may offer lender cashback. Qualified clients may also be eligible for additional cash from Firmway from a portion of Firmway’s brokerage compensation.
Availability, amounts and eligibility depend on the lender, mortgage program and client qualification.
Available
Lender cashback
Potential
Extra cash from Firmway
More potential
More potential cash for you
Reviewed together with the rate, requirements and estimated total mortgage cost.
Your Cash Opportunity
Extra cash can matter when you're buying a home
Buying a home may involve expenses beyond the purchase price and down payment. Where eligible cashback is available, receiving additional cash may provide greater financial flexibility after completing the mortgage transaction.
Moving costs
Relocation and moving-related expenses are common around a home purchase.
Home setup
Furnishing and settling into a new home can involve initial expenses.
Initial property expenses
Early maintenance, repairs or property-related items may come up after closing.
Financial flexibility
Additional cash may simply provide more breathing room after the transaction.
Actual closing costs depend on the property, location, mortgage structure and individual transaction. Your real estate lawyer and other applicable professionals should confirm transaction-specific costs.
Compare More Than the Rate
The lowest rate isn't the only number to consider
Mortgage rate matters, but it is only one part of the mortgage decision. A mortgage with cashback may provide an immediate benefit, while another mortgage may offer different long-term costs or conditions.
The Firmway Approach
More cash. Fewer requirements where possible.
Some mortgage or cashback programs may include additional account or product requirements. Firmway helps explain those requirements and compare available alternatives where lender programs allow.
Understand the requirements
Know which conditions and additional products may be connected to the mortgage offer.
Compare options
Review different mortgage structures rather than looking only at one lender or one incentive.
Choose with clarity
Understand the rate, cashback, requirements, restrictions and overall mortgage value before proceeding.
Mortgage Solutions
Your mortgage should fit your situation
First-time homebuyer
Guidance through the purchase and mortgage process.
Self-employed
Explore mortgage options where income structure may require a different approach.
New to Canada
Review mortgage options based on your individual newcomer situation.
Why Firmway
A clearer way to finance your home purchase
More cash opportunity
Explore available lender cashback plus potential extra cash from Firmway.
More than rate
Compare mortgage rate, cashback, requirements, restrictions and overall mortgage value.
Fewer requirements
Where lender programs allow, Firmway looks for options that may reduce unnecessary additional product requirements.
Human guidance
Work with a Firmway representative throughout the mortgage process.
How It Works
From homebuyer to homeowner: one streamlined mortgage process
01
Tell us your home-buying goal
Share your approximate purchase plans, mortgage amount, location and timeline.
02
Review your mortgage options
Firmway helps identify mortgage paths worth considering based on your situation.
03
Complete qualification
Detailed income, credit, employment, down payment and property information can be collected through the secure mortgage application process.
04
Compare the full mortgage value
Review available rates, cashback, requirements and important mortgage conditions.
05
Move forward with your purchase
Complete the selected mortgage process with your Firmway representative.
06
Mortgage funding
Complete the required mortgage and closing steps for the transaction.
07
Firmway cash
For eligible Firmway transactions, Firmway payment is initiated within 24 hours after funding requirements are confirmed.
Home Buyer Checklist
Questions worth reviewing before you buy
Working through these questions early can make your home search and mortgage conversation more productive.
- What approximate home price are you considering?
- How much do you expect to use as a down payment?
- When are you hoping to purchase?
- What approximate mortgage amount may be required?
- Have you considered additional closing-related expenses?
- Have you reviewed more than one mortgage option?
- Could an eligible cashback mortgage provide additional value?
- Do you understand the requirements and restrictions attached to the mortgage option?
Trust
A licensed Ontario mortgage brokerage
Firmway Financial Group Inc.
Mortgage Alliance – Mike Palacio
LIC #10530
Firmway Financial Group Inc. operates as a mortgage brokerage serving clients across Toronto, the GTA and Ontario.
40+ Years of Combined Mortgage Experience.
Check Your Cash Options
Check Your Cash Options
Tell us a little about your mortgage. No credit check or detailed application is required at this stage.
- No credit check at this stage
- No income documents required to start
- A representative reviews your inquiry personally
No credit check. No obligation.
Homebuyer FAQ
Questions about buying a home and getting a mortgage
General answers about mortgage qualification, closing costs, cashback opportunities and the home purchase process in Toronto and Ontario.
How early should I speak with a mortgage broker before buying a home?
Many buyers find it helpful to start the conversation before actively shopping. Reviewing your goals, approximate mortgage amount and available options early can give you more clarity during your home search.
What information is needed to qualify for a mortgage?
Lenders generally review information such as income and how it is documented, employment, down payment, credit history, existing financial obligations and details of the property being purchased. Requirements vary by lender and mortgage program.
How much mortgage might I qualify for?
That depends on your individual financial situation and the requirements of the lender and mortgage program. Firmway can help review your circumstances and discuss which options may be worth exploring.
What costs should I plan for besides the down payment?
Depending on the transaction, additional costs may include legal and registration-related costs, an appraisal, an optional home inspection, property-related expenses and adjustments, and moving or home setup costs. Your real estate lawyer can confirm transaction-specific amounts.
Can a homebuyer receive mortgage cashback?
Potentially. Certain eligible mortgage programs may offer lender cashback on a home purchase. Availability, amounts and conditions depend on the lender program and client qualification.
Can I receive lender cashback and extra cash from Firmway?
Where a lender program includes cashback and the transaction is eligible, qualified clients may also receive additional cash from Firmway, paid from a portion of Firmway’s brokerage compensation. Both depend on the mortgage program and qualification.
Is a cashback mortgage better than a lower interest rate?
Not automatically. A cashback mortgage may provide an immediate benefit, while a different mortgage may offer different long-term costs, features or conditions. Reviewing rate, cashback, requirements, restrictions and estimated total cost together gives a clearer picture.
What happens after I find a home?
Once a purchase is in progress, detailed income, credit, employment, down payment and property information can be collected through the secure mortgage application process, followed by the mortgage and closing steps required for the transaction.
I'm buying my first home — where should I start?
A good first step is a short conversation about your purchase goals, approximate mortgage amount and timeline. From there, Firmway can help explain the process and the mortgage options that may be available to you.
Can self-employed homebuyers get a mortgage?
Self-employed buyers may have mortgage options available, though income structure and documentation can require a different approach. Firmway reviews self-employed situations individually and can discuss which mortgage programs may fit.
Homebuyer Resources
Prepare for your home purchase
How does mortgage cashback work in Canada?
Where lender cashback comes from and what conditions may apply.
Mortgage cashback vs. a lower interest rate
How immediate cash and long-term cost compare in a mortgage decision.
What should homebuyers plan for before closing?
Costs and steps that can come up between the offer and the closing date.
Ready to start your home-buying journey?
Find the mortgage. Understand the value. Check your cash options.
Firmway helps Toronto and Ontario homebuyers compare mortgage options, potential cashback and qualification requirements through one streamlined process.