First time home buyer? We can help with a minimum of 5% down payment from savings, borrowed funds, gift from family or RRSPs. We are here to answer all your questions and provide as much information as possible on all of the mortgage intricacies and options. It’s not just about rate! It’s about the flexibility each mortgage can offer.
The Government Incentive Program effective Fall 2019 is also available as a first time home buyer. We have added some helpful links and calculators below to assist in your research.
The Home Buyers’ Plan (HBP) is a program that allows you to withdraw from your registered retirement savings plans (RRSPs) to buy or build a qualifying home for yourself or for a related person with a disability. With the Home Buyers’ Plan you can withdraw up to $35,000, tax-free, from your Registered Retirement Savings Plan (RRSP). You must use this amount to buy or build a qualifying home. The Home Buyers’ Plan isn’t just for buying your first home, it can also be used if there is a martial breakdown and you are looking to buy a new home for yourself.
Please keep in mind that:
The GST/HST new housing rebate allows an individual to recover some of the GST or the federal part of the HST paid for a new or substantially renovated house that is for use as the individual’s, or their relation’s, primary place of residence, when all the other conditions are met:
The three mortgage insurers offer a premium refund of up to 25% when you buy or build an energy efficient home, or when you buy an existing home and make energy-saving renovations.
Let me help you…