First time home buyers who purchase a qualifying home can claim a non-refundable tax credit of up to $750 for…
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WHAT IS THE RRSP HOME BUYERS PLAN?
As a first-time home buyer, the Home Buyers Plan allows you to withdrawal up to $60,000 from your registered retirement…
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WHEN SHOULD I MAKE AN OFFER?
When you’re making an offer, you always want to put your best foot forward. Working out a strategy with your…
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SHOULD MY OFFER INCLUDE CONDITIONS?
In a purchase contract, these are often call subjects. On the financing side, we are looking for the condition “subject to…
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AM I STILL ELIGIBLE FOR THE LAND TRANSFER TAX CREDIT IF MY PARTNER OWNS ANOTHER PROPERTY?
The quick answer is yes, you are. The legality of your purchase includes you owning a percentage of your new home,…
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what is a pre approval mortgage?
A pre-approval mortgage is not one that is done on an online pre-approval app or calculator. These options though are…
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How can I improve my credit score to qualify for a first-time home buyer mortgage?
Improving your credit score involves paying bills on time, reducing debt, and avoiding new credit inquiries. Our team can provide…
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Can I use gifted funds or borrow my down payment for a first-time home purchase?
Yes, gifts from family members or borrowed funds (e.g., a personal loan) can be used for your down payment. However,…
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What should first-time home buyers consider when choosing a mortgage term?
When choosing between fixed-rate and variable-rate mortgage terms, first-time home buyers should consider factors such as interest rates, budgetary constraints,…
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How does the mortgage pre-approval process work for first-time home buyers?
Mortgage pre-approval involves assessing your financial situation, credit history, and income to determine the maximum mortgage amount you qualify for.…