Did you know there are fantastic first home buyer programs in Canada, and we can select the most convenient for you.
The Home Buyers’ Plan (HBP) is a program that allows you to withdraw funds from your Registered Retirement Savings Plans (RRSPs) to buy or build a qualifying home for yourself or for a related person with a disability. The HBP allows you to pay back the withdrawn funds within a 15-year period.
Proposed for sometime in 2023, this new registered plan would give prospective first-time home buyers the ability to save $40,000 on a tax-free basis. Like an RRSP, contributions would be tax-deductible, and withdrawals to purchase a first home—including from investment income—would be non-taxable.
The First-Time Home Buyer Incentive helps people across Canada purchase their 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.
There are various types of home mortgages that make it possible for you to get what you want, even if money seems to be a problem at first.
If you’re thinking about buying a house, it’s easy to get caught up in the excitement of it. You might be so excited that you think the first house you see will be the right one for you. But remember—a home is a long-term commitment, and every time you walk through your door, you’ll be reminded of your decision. That’s why we recommend dreaming big—and finding a home loan with our help. We can help find the best mortgage rates in BC so that when you buy your dream home, it won’t just be a place to live—it will enhance your lifestyle every day.
Unsure of where to look? Rampone Marsh has access to over 50 lenders, so we’ll do the shopping to find all the best mortgage rates and options for you. We’ve facilitated funding for over 500 million dollars of mortgages in our combined 20 years in the real estate finance industry. Among the most experienced and recognized names in the country, Rampone Marsh is the mortgage broker Kelowna trusts for its lending needs.
Getting started is easy. Contact us today and put our mortgage experience and expertise to work for you.
There are other fantastic home mortgage products Rampone-Marsh can provide you with. Contact us, tell us what you need, and we will deliver.
