Melanie Anderson - East Coast Mortgage Brokers

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Melanie Anderson - East Coast Mortgage Brokers

East Coast Mortgage Brokers offers customers the best mortgage rates available from over 30 lenders.

09/15/2026

Your down payment gets a lot of attention.

But it is not the only part of your first-home budget.

Before buying, we want first-time buyers thinking about:

✔ Legal costs
✔ Home inspection
✔ Home insurance
✔ Property adjustments
✔ Moving and home setup
✔ Emergency savings

Some expenses happen before closing.

Some may be part of closing.

Others start as soon as you get the keys.

Planning for them early can make the transition into homeownership much easier.

The down payment gets you started. The full budget gets you prepared.

Let's start the conversation so you can purchase with confidence.
Together, we’ve got this. 🏡

Melanie Anderson | Mortgage Associate
The Leslie Penney Team | East Coast Mortgage Brokers
📧 [email protected] 📲 709.754.0422 🌐 LesliePenney.ca

09/14/2026

Your down payment is not the only money you need to prepare when buying your first home. 💵

Closing costs are another important part of the plan.

Depending on the home and your situation, you may also need to budget for things such as:
✔ Legal costs
✔ Property tax or other adjustments
✔ Home insurance
✔ Inspection or appraisal costs, where applicable
✔ Moving and home setup
✔ Emergency savings

One of the biggest things we want first-time buyers to understand is that being ready to buy means looking beyond the down payment.

You do not want to arrive at closing day and realize every available dollar has already been committed to the purchase.

A stronger plan considers the full cost of buying the home, including what you may need before closing, on closing day and after you get the keys.

This week, we will be breaking those costs down one step at a time.

Know what to budget for. Know what to expect.

Together, we’ve got this. 🏡

Melanie Anderson | Mortgage Associate
The Leslie Penney Team | East Coast Mortgage Brokers
📧 [email protected] 📲 709.754.0422 🌐 LesliePenney.ca

09/13/2026

NEXT WEEK: Closing Costs Made Clear

Your down payment is only one part of the money you may need when buying your first home.

Next week, the Leslie Penney Team will be breaking down the costs buyers should be thinking about beyond the down payment, including:

✔ Legal costs
✔ Insurance
✔ Property adjustments
✔ Moving expenses
✔ Home setup
✔ Emergency savings

The goal is to help first-time buyers understand what to budget for before closing day arrives.

Knowing what to expect makes it easier to build the right plan.

Together, we’ve got this. 🏡

Melanie Anderson | Mortgage Associate
The Leslie Penney Team | East Coast Mortgage Brokers
📧 [email protected] 📲 709.754.0422 🌐 LesliePenney.ca

09/12/2026

Saving for a home can feel slow.

Especially when you are watching listings at the same time and wondering when it will finally be your turn.

But every month you save, learn and prepare is still progress.

You are building options.

You are building confidence.

You are building the plan.

Homeownership does not happen in one big step. Sometimes it is the small, consistent decisions along the way that get you there.

Do not underestimate the progress you are making.

Have a great weekend! 😊

Melanie Anderson | Mortgage Associate
The Leslie Penney Team | East Coast Mortgage Brokers
📧 [email protected] 📲 709.754.0422 🌐 LesliePenney.ca

09/11/2026

FAQ Friday 💬

Does a bigger down payment always make more sense? 🤔
Not automatically.

A larger down payment can reduce how much you need to borrow, but that is only one part of the decision.

I also want buyers to think about:
✔ How much savings will you have left?
✔ What do you still need for closing costs?
✔ Do you have an emergency cushion?
✔ What monthly mortgage payment feels comfortable?

The right answer is not always to put down as much as possible.

Sometimes a stronger plan means keeping some savings available for the costs and responsibilities that come after closing.

Look at the whole plan.
Together, we’ve got this. 🏡🤍

Melanie Anderson | Mortgage Associate
The Leslie Penney Team | East Coast Mortgage Brokers
📧 [email protected] 📲 709.754.0422 🌐 LesliePenney.ca

09/10/2026

Family helping with your down payment?
That can be a great part of the plan.

The important thing is to talk about it early, before the money starts moving.

If gifted funds will be part of your down payment:

✔ Let me know who is helping
✔ Tell me approximately how much they plan to contribute
✔ Ask what documentation may be needed
✔ Keep the transfer clear and easy to follow

A little planning upfront can make the down-payment side of the mortgage much easier to manage later.

Talk first. Transfer second.

Together, we’ve got this. 🏡🤍

Melanie Anderson | Mortgage Associate
The Leslie Penney Team | East Coast Mortgage Brokers
📧 [email protected] 📲 709.754.0422 🌐 LesliePenney.ca

09/08/2026

What can count toward your down payment? 💵🏡
Depending on your situation, your down payment may come from more than one source.

That can include:

✔ Personal savings
✔ Gifted funds
✔ Eligible RRSP withdrawals
✔ Sale or equity proceeds

The important part is making sure the source of the funds is clear and properly documented.

If family is helping, or if you are planning to use money from another source, talk to me before moving the funds around.

That way, we can make sure the down-payment side of your mortgage is organized properly from the start.

Know what counts. Know what needs to be documented. Build the plan.

Together, we’ve got this. 🏡🤍

Melanie Anderson | Mortgage Associate
The Leslie Penney Team | East Coast Mortgage Brokers
📧 [email protected] 📲 709.754.0422 🌐 LesliePenney.ca

09/07/2026

Your down payment is not just a target.
It is part of the overall plan. 💵🏡

Before deciding how much to put down, it is worth looking at:

✔ Your savings
✔ Closing costs
✔ Moving expenses
✔ Home setup
✔ Emergency savings
✔ The monthly mortgage payment you are comfortable carrying

A larger down payment can be helpful, but the biggest down payment is not automatically the best plan for every buyer.

The goal is to build a plan that works for the purchase and still leaves room for life after closing.

Together, we’ve got this. 🏡🤍

Melanie Anderson | Mortgage Associate
The Leslie Penney Team | East Coast Mortgage Brokers
📧 [email protected] 📲 709.754.0422 🌐 LesliePenney.ca

09/01/2026

Buying your first home? Start here. 🏠

Do not try to learn the whole process in one night.

Start with your financial picture.

Before you seriously begin house hunting, let’s understand:
✔ Your income
✔ Your current debts
✔ Your savings
✔ Your down-payment plan
✔ Your credit picture
✔ Your comfortable monthly budget
✔ The other costs you need to prepare for

Then we can talk about your purchasing range and what happens next.

Your first step does not have to be complicated.

It just has to give you direction.

Throughout September, the Leslie Penney Team will be breaking down First-Time Home Buying one question at a time.

Together, we’ve got this. 🏡🤍

Melanie Anderson | Mortgage Associate
The Leslie Penney Team | East Coast Mortgage Brokers
📧 [email protected] 📲 709.754.0422 🌐 LesliePenney.ca

08/31/2026

August has been about getting mortgage-ready.

Now we’re moving into a new month and a new topic.

Starting tomorrow, The Leslie Penney Team is going to focus on first-time home buying and the questions that usually come up before, during and after the search for that first home.

We’ll talk about things like:
✔ Where to start
✔ How to think about your down payment
✔ What costs to prepare for
✔ How mortgage insurance fits into the process
✔ What happens if you already have debt
✔ What happens after you find the right home

Our goal is to keep it simple.

Plain language.

Practical information.

One step at a time.

September is all about First-Time Home Buying Made Clear. 🏡

Together, we’ve got this. 🤍

Melanie Anderson | Mortgage Associate
The Leslie Penney Team | East Coast Mortgage Brokers
📧 [email protected] 📲 709.754.0422 🌐 LesliePenney.ca

Address

141 Torbay Road
St. John's , NL
A1A2H1

Telephone

+17097540422

Website

http://www.mortgageweb.ca/melanieanderson

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