First-Time Buyers | Nishka Riley Mortgage Team

Buying Home For First Time

Ready to give your Landlord Notice?
Here’s How We’re Going to Make It Happen!

Step 1

The Discovery Call

It’s All About You!

In this step we’ll have a casual conversation and:

Get an understanding of what & where you want to buy
Your budget and some rough mortgage numbers
Your future plans both work and life

After going through this step you’ll feel excited about your options and confident you’re in the right place.

Talk with Nishka

Quick Online Application

Step 2

Develop a financing plan

Mortgages Demystified!

In this step we’ll work our magic behind the scenes and:

Map out your purchase price range
Talk about the best products and the lenders that meet your needs
Show you how various purchase prices fit with your budget
Map out how much money you’ll need to complete the purchase
Secure a pre-approval with several lenders

Ready to go shopping?!

Talk Numbers With Nishka

5 Minute Application

Step 3

Let’s Go Shopping

Now the Fun Begins!

In this step our experience really shines through! And we’ll be there to:

Help with the big “Is This The One?” decision
Revisit the monthly budget, making sure it all fits
Guide you through what making an offer looks like
Get you a lightening fast approval

This step can be emotionally charged! Don’t worry, we’ve got you, and we’ll be there every step of the way.

Call Nishka & Get Shopping!

5 minute Application

Step 4

Offer Accepted!

Ready to Call the Movers?

In this final step we’ll guide you through:

Wrapping up the mortgage approval with the lender
Removing final conditions on your offer to purchase
Connect you with a great Notary
Map out the last few steps before your completion date

You did it! Just as our reviews say, clients are amazed at how easy we made the entire experience!

I'm Ready! - Call Nishka

Simple & Secure Online Application

Coming home to a place that you can call your own.
How amazing would that feel?!

Complete An Application

Curious What The Numbers Look Like?

Wondering why you should use a mortgage Broker?

Banker vs Nishka Riley Mortgage Team

Our Mortgage Team

Product Options
We have access to various lenders, providing a wide range of mortgage products.
Interest Rates
We can often offer competitive interest rates by shopping around among multiple lenders.
Personalized Service
We work independently and focus on your needs, offering personalized guidance.
Communication
We maintain clear and open communication, ensuring you understand the entire process.
Flexibility and Advocacy
We are your advocate. We work to find the best terms and conditions to meet your financing needs.

Banker

Product Options
Limited to offering only the products available within their own bank
Interest Rates
Bankers are confined to the rates set by their own institution, potentially limiting options.
Personalized Service
Bankers are constrained by the policies and procedures of their specific bank.
Communication
Bankers wear many hats and may not have the time to communicate the progress of your file.
Flexibility and Advocacy
Bankers represent the interests of their employer, which may not always align with the borrower's best interests.

I'd Love To Get In Touch

Complete An Application

How The Nishka Riley Mortgage
Team Can Help You

Over the past 20 years, we have been helping people like yourself call North Vancouver, Squamish and Vancouver home. If you are in the early stages of your search, download our award winning mortgage calculator, which factors in local taxes and average strata fees for the area you are considering. Since we are a part of the Dominion Lending Centres network, we have access to lenders like Scotiabank, TD Canada Trust, Blueshore Credit Union, MCAP and dozens more. Because of our lender relationships, we can find a mortgage solution that meets your needs. As a first-time buyer, even if you are self-employed or have credit challenges, you’ll want to harness our experience to guide you through the mortgage maze. As a first-time buyer, you have a lot of questions: fixed vs variable, what is an insured mortgage, which realtor should I use, notary vs lawyer; we’ll be there every step of the way and help you with each one. Come experience why we are one of the highest ranked North Vancouver mortgage brokers by Google reviews.

I'd Love To Get In Touch

Learn More About Nishka

First Time Home Buyer Incentives

Insights into programs that will help you get your foot in the door.

First Home
Savings Account
(FHSA)

Supercharge your down payments for your first home. Contribute up to $8,000 yearly, to a maximum of $40,000 over 15 years. Growth is tax sheltered, and you can transfer to an RRSP if you don’t buy. Contributions could result in a tax refund, compounding your down payment savings. There's no 90-day deposit requirement, but the contribution deadline is December 31st.

Get Started

RRSP
Home Buyers Plan
(HBP)

Each buyer can withdraw up to $60,000 tax free from their RRSP for a 1st home’s downpayment. The funds must be in the RRSP for 90-days and an accepted offer on a qualifying Home. Repayment of the withdrawal is done at a minimum of one-fifteenth every year. Explore our tips to optimize this program and accelerate your 1st home purchase.

Get Started

New
30 Year
Amortization

Stretch your purchasing power or decrease your monthly payments? With the new rules introduced in 2024, 1st Time Buyers with less than 20% down payment now have access to a 30 year amortization. Now you can buy the place you want, instead of playing the property hopscotch game!

Get Started

What Our Clients Are Saying

Get a feel of how we work with First Time Home Buyers

      EXCELLENT  
   Based on 93 reviews 
    
 
 
 
   
 
 
       Posted on Google  
   
   Will Wright 
 
 
 
 Trustindex verifies that the original source of the review is Google. Nishka has been our go to mortgage expert for nearly a decade. Her wisdom, kindness and technical expertise has made her an invaluable member of our team for all of our life’s most important decisions. I could not recommend her highly enough, and I look forward to working with her again and again.
  
 
      Posted on Google  
   
   Mark Pulfer 
 
 
 
 Trustindex verifies that the original source of the review is Google. Excellent service! We were in a bit of a pickle and Nishka and her partners helped us out and found us a new mortgage at a very reasonable rate. She and Paul also provided excellent advice on how we should navigate this era of high interest rates. Much appreciated!
  
 
      Posted on Google  
   
   Emily Rose 
 
 
 
 Trustindex verifies that the original source of the review is Google. Nishka helped us with the purchase of both of our homes and has been an absolutely amazing support and resource to us. She not only gave us great advice when it came to mortgages but has also guided us throughout the entire process, including tips for becoming a first time homeowner. She continues to be the only person we have full trust in during such an overwhelming process of buying a home. As a young family and first time home buyers, we wouldn't have be able to buy a house today if it wasn't for her, and i dont know how i would have survived it mentally either without her... especially with setting us up in the portable mortgage when we bought our townhouse which was set us up for success when we bought our house 2 years later. We highly recommend her! She's trustworthy, supportive, honest and goes above and beyond to put her clients in the best situation possible.
  
 
      Posted on Google  
   
   Aidan Mabbott 
 
 
 
 Trustindex verifies that the original source of the review is Google. The mortgage advice services Nishka and her team provide are exceptional. She is attentive, insightful, and strategic in her approach. We have used Nishka's services to close on several properties over the last 5 years and the experience is consistently excellent. I cannot recommend her services enough.
  
 
      Posted on Google  
   
   Phillippa Lorincz 
 
 
 
 Trustindex verifies that the original source of the review is Google. Niksha and team have made our mortgage renewal so seamless and stress free. They were supportive and informative every step of the way! I highly recommend this team to anyone looking for a fantastic mortgage broker! Thank you again Nishka!
  
 
      Posted on Google  
   
   Karen Nowak 
 
 
 
 Trustindex verifies that the original source of the review is Google. Nishka was a dream to work with! When other mortgage brokers said it wasn’t possible, Nishka made it happen! She was a wealth of knowledge and really listened to what we wanted. She offered suggestions, answered all our questions, and reassured us every step of the way. She is professional, knowledgeable, and very experienced at what she does. Communication with her is a breeze— she responded almost immediately to every query we had. Buying your first home can be a stressful experience but with Nishka’s expertise and magic, our experience was exciting and enjoyable. We are so grateful to Nishka and her team and wholeheartedly recommend them! Thank you, Nishka for making our dream home a reality.
  
 
      Posted on Google  
   
   MB Z 
 
 
 
 Trustindex verifies that the original source of the review is Google. Wonderful experience, very helpful and resourceful mortgage broker. Greatly appreciate your help.
  
 
      Posted on Google  
   
   Fred Grillet 
 
 
 
 Trustindex verifies that the original source of the review is Google. Nishka helped my partner and I with the purchase of our first home. From day 1 she was extremely helpful! We had many questions throughout the process, which Nishka always answered happily and quickly with clear and helpful responses. We will definitely work with her in the future and would highly recommend her. She was a pleasure to work with!