Thinking about buying your first home but feeling overwhelmed by the financial hurdles?
Welcome to Day 1 of my Mortgage Mastery Series. Today, we are breaking down the key benefits designed specifically to help first-time buyers in Ontario get into the market with confidence. The path to homeownership is clearer when you know which programs to leverage.
Here is your First-Time Home Buyer Checklist:
✅ RRSP Home Buyers’ Plan (HBP): You can now withdraw up to $60,000 tax-free from your RRSP for your down payment.
✅ First Home Savings Account (FHSA): A powerful tool that lets you save tax-free and withdraw tax-free for your purchase.
✅ 30-Year Amortization: New rules now allow for a 30-year amortization on newly built homes, helping you lower your monthly payments and increase affordability.
Banks might give you a standard "no," but I focus on finding the strategy that says "yes." Let’s navigate these options together and build a plan that fits your whole financial picture.
Amit Bhatnagar, Mortgage Agent Level 2
Phone: 437-776-5148
Email: mortgagebyamit15@gmail.com
FSRA License 10530
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