If you have some capital saved up or have access to funds you can use for your first home or investment property, we are here to help you to get the best funding possible with our lists of lenders we have in our network. We will guide you the whole way on what the necessary steps you should be taking prior to getting a mortgage. I always encourage people to book a consultation call when the thought of entering the market occurs, this would be the best way to prepare ourselves to make the right steps in securing your home and the right funding.
There are a lot of different options and approach you can take when it comes to a FTHB. The FTHB incentive is a new program that helps residents of Canada afford a home. This is how it works, The first time home buyer incentive is a shared-equity mortgage with the Government of Canada. They help you with the down payment of the home such as;
- 5% or 10% for a first-time buyer’s purchase of a newly constructed home
- 5% for a first-time buyer’s purchase of a resale (existing) home
- 5% for a first-time buyer’s purchase of a new or resale mobile/manufactured home
you would have to repay the incentive after 25 years or when you sell the property, whichever comes first. There is a bit more information on this program that we can explain further if you are interested.
I want you to give us a call to discuss further, on when and how to make your first JUMP! In the real estate world.