Buying Your First Home: Are You Ready Financially? Understand your Options and how to Assess your Homeownership Readiness.
Here is good start First-Time Home Buyer Incentive Personal Guidance from a top team of professionals. Learn how to get an additional 5 or 10% to add to your down payment on your first home. The First-Time Home Buyer Incentive helps you purchase your first home. The program offers 5 or 10% of the home’s purchase price to put toward a down payment. This addition to your down payment lowers your mortgage carrying costs, making homeownership more affordable. NOTE: First-time homebuyers purchasing a home in the Toronto, Vancouver, or Victoria Census Metropolitan Areas are now eligible for an increased Qualifying Annual Income of $150,000 instead of $120,000, and an increased total borrowing amount of 4.5 instead of 4.0 times your qualifying income. Book an appointment to receive your free Homebuying Step-By-Step Guide and meet the team.
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