Bring your dreams home
Find your way home.
As a first-time home buyer, you have an exciting journey ahead. We know applying for your first mortgage loan and navigating a complex housing market can be daunting. At VIXI Bank, we want your first home purchase to be a rewarding experience and we’re here to help first-time home buyers any way we can.
Your mortgage loan officer can answer any questions you may have along the way. In the meantime, here’s some practical advice to get you started on the right path to buying your first home.
Plan your move
How much house can I afford?
It’s not uncommon to « qualify » for more mortgage than you may comfortably be able to afford — so it pays to borrow cautiously. Here’s some simple advice with links to mortgage rates and easy-to-use mortgage calculators that will help you determine how much you could afford.
Is buying a better option than renting?
There’s a right time to rent and a right time to buy. Find out whether you’re ready for the journey to homeownership and your first mortgage with these clear pros and cons for renting vs. buying.
What’s the difference between prequalification and pre-approval?
Both prequalification and pre-approval show you’re a serious buyer — one gets you started and the other makes it official. It’s important to understand when to do which.
What should be my down payment on a new house?
A down payment demonstrates your commitment and a larger down payment could help you secure a better interest rate — which means you’ll have lower monthly mortgage payments.