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– canadianmortgagetrends.com
Watch: What Is the First-Time Home Buyer Incentive?
– moneysense.ca
Through the First-Time Home Buyer Incentive, the government contributes to a home’s down payment, reducing the amount needed for a mortgage and making it easier for buyers to manage their mortgage payments. However, the incentive is limited to a subset of buyers, and eligibility criteria can vary, depending on where you live. What’s more, the interest-free loan must eventually be paid back—potentially at a premium. So you’ll want to do your research before applying for the incentive. Learn more by tapping the video to watch.
Watch: What is the First-Time Home Buyer Incentive
More on mortgages:
Watch: What is mortgage affordability?What home buyers should know about the Canadian mortgage stress test
A guide to five-year fixed mortgage rates
A guide to five-year variable mortgage rates
The post Watch: What Is the First-Time Home Buyer Incentive? appeared first on MoneySense.


