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We offer end-to-end solutions that will meet your every mortgage need!  The Mortgage Division helps you on the Path to Debt–Free Mortgage Solutions.

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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.

The Mortgage Division will help you on the path to debt-free mortgage solutions.

MYRIAD OPTIONS FOR CANADIAN HOME BUYERS- FROM RRSP TO MORTGAGE PLANNING

Canadian housing market has been stronger during the recent days than ever in the past. Across the country home prices went up by 8.8 per cent on average according to the figures released by the Canadian Real Estate Association. Recently, Toronto market reported the lowest number of new homes sold in a decade. The price hike has pushed up the affordability of homes beyond the reach of several new home buyers accounting for a considerable reduction in sales. At the same time, in some segments, home buyers purchased homes in more numbers in order to lock in before the prices rise any further. Banks intend to keep the interest rates lower and this comes as good news for most home buyers.

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 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.

Call 416-621-7501 and consult mortgage plans and interest rates with our expert mortgage brokers.

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