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For First-Time Buyers
You've picked a great time to buy your first home. Despite steady appreciation of home prices, relatively low interest rates have kept the costs of home ownership at near historic lows. You can enjoy peace of mind working with Tom, the industry leader in experience and service.
Here are some tips to help you with the process of becoming your own landlord:
Pre-qualify for a mortgage
Shop for mortgage rates and terms
Using a Buyer's Agent
Features that help or hurt resale value
Rate the houses you tour
There are many incentives to help out the first-time buyer. There are now CMHC approved loans that allow you to finance your purchase with only five-percent down.
Another option is the Home Buyers Plan. (HBP) In short, it allows the first-time buyer to withdraw from their RRSP funds up to $20,000 help with their down payment. It is to be paid back over a fifteen-year period.
The Property Purchase Tax Exemption protects the first-time buyer from paying the one percent on the first $200,000 and two percent on the balance. The maximum purchase price in this program is $275,000. There are other clauses as well, but contact Tom for more information as he will be happy to help explain them to you.
RE/MAX Crest Realty
101-2609 Westview Drive
Each office independently owned and operated.