FIND CANADIAN MORTGAGE RATES
home purchase through Canadian mortgage
If you are a Canadian looking forward to buying a house, there are a number of things you need to know. Buying a property is perhaps a very expensive decision and you need to do it the right way in order to make significant savings. First time home buyers in Canada need to know how to take advantage of the various schemes available in the Canadian housing market like RRSP homebuyers plan.
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the RRSP advantage-helping canadians earn a roof above their heads
RRSP Home Buyers’ Plan (HBP) is a highly beneficial program that enables home buyers to withdraw funds for the home purchase or home construction from their registered retirement savings plan (RRSPs). The funds can also be used to build or buy a home for a relative with disability. The maximum amount that the beneficiaries can withdraw is up to $25,000 per individual ( $50,000 for a couple) in a given calendar year.
eligibility for RRSP homebuyer’s plan
RRSP Home Buyers’ Plan (HBP) is a highly beneficial program that enables home buyers to withdraw funds for the home purchase or home construction from their registered retirement savings plan (RRSPs). The funds can also be used to build or buy a home for a relative with disability. The maximum amount that the beneficiaries can withdraw is up to $25,000 in a given calendar year.
caution to new home buyers
Naturally, first time home buyers new to the Canadian housing market need to know many factors of a home purchase. It is therefore advisable that they take support of a qualified mortgage broker to make informed decisions. Licensed mortgage brokers have access to a large number of money lenders. They suggest you the most beneficial solutions considering your financial circumstances. Since their commissions are paid by the money lenders, they can offer you free and unbiased services. They can negotiate on your behalf and offer you lowest mortgage interest rates in the market. In addition, you can also benefit from the volume discounts that the brokers receive and pass it on to you.
the mortgage division - let experts guide you all along
Mortgages come in a variety of terms. You need to decide which one is beneficial for you. High ratio mortgages must be insured by a mortgage insurer. If your down payment is more than 20%, then you can qualify for a conventional mortgage. While going for a mortgage loan, you need to decide which is good for you whether a fixed or variable rate mortgage. Discuss with our qualified mortgage broker to know about open and closed mortgage options. Since home purchase is a highly important decision, home buyers need to make informed decisions through our Mortgage Division experts.