Mortgage Solutions for Your First (Or Next) Purchase
Buying a home is a big decision — whether it’s your very first place or your next. At Benchmark, we help you navigate every step with clarity, confidence, and a strategy that fits your life. From first-time buyers and growing families to second-home owners and newcomers to Canada, we make the process simple, transparent, and tailored to your goals.
Every buyer’s situation is unique, and your mortgage should reflect that. Below, you’ll find an overview of each purchase option — who it’s for, why it matters, and how we can help you make the most of it. No matter your goals, we’re here to guide you with clarity and confidence.
First-Time Home Buyers
What it is:
Specialized support and mortgage options for clients purchasing their first home.
Who it’s for:
Individuals and families taking their first step into homeownership.
Benefits:
Access to first-time buyer incentives, rebates, and programs
Guidance through the pre-approval and budgeting process
Education on closing costs, insurance, and what to expect
How we help:
We take time to explain everything in plain language, help you understand your buying power, and match you with lenders who specialize in first-time buyer programs. From pre-approval to possession day, you’ll always know what comes next.
Second (or Third…) Home Purchases
What it is:
Mortgage solutions for clients buying a second property, vacation home, or moving up to a larger space.
Who it’s for:
Homeowners ready for their next purchase, whether it’s upsizing, downsizing, or securing a getaway property.
Benefits:
Strategies to leverage your existing equity
Options for blended or portable mortgages
Clear guidance on down payments and tax considerations
How we help:
We review your current mortgage, assess your equity, and explore the best way to finance your next home. You’ll get honest advice on timing, options, and how to structure your purchase to support your long-term goals.
Borrowed Down Payments
What it is:
Using borrowed funds (like a loan or line of credit) to cover your down payment.
Who it’s for:
Buyers with strong income and credit who need help bridging the gap to meet minimum down payment requirements.
Benefits:
Ability to enter the market sooner
Flexibility to keep savings invested
Expanded purchasing options without waiting years to save
How we help:
We’ll help you understand which lenders allow borrowed down payments, how it impacts your affordability, and what repayment structures look like. You’ll get a clear picture of the risks, benefits, and requirements before you move forward.
Purchase Plus Improvements
What it is:
A mortgage that includes extra funds to renovate or improve the property you’re buying.
Who it’s for:
Buyers purchasing a home that needs updates or repairs.
Benefits:
Roll renovation costs into your mortgage
Make improvements right away instead of waiting
Increase your home’s value from the start
How we help:
We guide you through the process, from quoting improvements to securing lender approval and managing funds disbursement. You’ll know exactly how the renovation budget fits into your overall financing.
New to Canada Mortgages
What it is:
Mortgage options designed for newcomers with limited Canadian credit history.
Who it’s for:
Permanent residents or newcomers to Canada purchasing their first home here.
Benefits:
Access to specialized programs for newcomers
Alternative credit options (like rental and utility history)
Support understanding Canadian mortgage rules and requirements
How we help:
We walk you through everything step by step, help you gather the right documents, and connect you with lenders who welcome new Canadians. Our goal is to make your transition into homeownership smooth and stress-free.
Service Category
First Time Home-Buyer
Second Home Purchases
Borrowed Down Payments
Purchase Plus Improvements
New To Canada Mortgages
Download Home Buyers Guide
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Kids Supported Since 2024
You Get A Home.
They Get To Play.
We donate to KidSport with every mortgage we fund.
Whether you’re buying your first home or restructuring for the future, we bring clarity, care, and strategy to every step. Believe in Better®.
