The term “first-time homebuyer” doesn’t mean much on its own. You first home is simply your first home. which reminds me.
The Starter Home scheme is a new government plan, where 200,000 new build homes are available to first-time buyers under 40 years old with at least 20% off the market price. The discounted price for these homes should be priced no more than 250,000 outside London, and 450,000 in London.
The Home Buyers’ Plan (HBP) is a program that allows you to withdraw up to $25,000 in a calendar year from your registered retirement savings plans (RRSPs) to buy or build a qualifying home for yourself or for a related person with a disability. What are the HBP eligibility and RRSP withdrawal.
Too often, home buyers leave mortgage shopping to the last minute and watch their dream home go to another bidder who had financing in order. Mortgage pre-approval is a free and non-binding process that presents you as a serious, qualified buyer when buying your first home. Today’s mortgage rates:
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