For 2009 and subsequent years, the budget proposes to introduce a new non-refundable tax credit, based on an amount of $5,000, for certain home buyers that acquire a qualifying home after January 27, 2009 (i.e., closing after this date).
Filed under: First Time Home Buyers, Mortgage Planning | Tagged: BC, First Time Home Buyer, HBTC, Home Buyer, Home Renovation Tax Credit, Real Estate, Rebates, Tax Credit | Leave a Comment »
Your down payment and mortgage are only part of the costs of a home purchase. While the following list is not exhaustive, here are some of the many additional expenses many homebuyers need to plan for when purchasing their new home.
Filed under: First Time Home Buyers, Mortgage Advice, Mortgage Planning | Tagged: BC, Canada, Closing Costs, Finance, Mortgage Advice, Mortgage Planning, Real Estate | Leave a Comment »
Understand the 5 key factors to understanding the mortgage approval process. Learn what lenders use to determine whether or not your mortgage application is successful. Take the guess work out and learn about the key steps in addition to Gross Debt Service and Total Debt Service Ratios.
Filed under: First Time Home Buyers, Mortgage Planning, Mortgage Terms | Tagged: Canada, Finance, First Time Home Buyer, GDS, LTV, Mortgage Advice, Mortgage Planning, TDS | Leave a Comment »
Whether you are a first time home buyer or you are moving up to your second or third home applying for a mortgage can be filled with anxiety of the unknown. A mortgage specialist can answer your questions professionally and provide you with explanations to common terms and mortgage scenarios. The first step to applying for a mortgage is a conversation to understand your needs and wants.
Filed under: First Time Home Buyers, Mortgage Planning | Tagged: Finance, First Time Home Buyer, Mortgage Advice, Mortgage Planning, TD Canada Trust | Leave a Comment »
