Contact us now to learn more about the First-Time Home Buyer Incentive program and how it can help you purchase your first home.
The primary objective of the First-Time Home Buyer Incentive Program is to enhance the affordability of homeownership and, as such, it offers numerous key benefits for those who are eligible.
Through the provision of a shared equity mortgage, the government helps to lower the monthly mortgage payments for eligible first-time home buyers. This can make homeownership more affordable and accessible for those who may not have been able to otherwise afford a home.
The shared equity mortgage provided by the government means that the home buyer shares the equity of the home with the government. This means that the home buyer is not responsible for paying back the full amount of the mortgage, which can help to reduce financial stress and improve overall affordability.
The shared equity mortgage provided by the government is interest-free, which means that eligible first-time home buyers do not have to pay ongoing interest payments. This can help to reduce the overall cost of homeownership and make it more affordable in the long run.
Should you express interest in applying for the First-Time Home Buyer Incentive Program in Canada, our team is here to facilitate a smooth and streamlined process! We’ll start by evaluating your eligibility and securing pre-approval. Following these preliminary steps, will identify lenders within our network who actively participate in this program. We’ll answer your questions as we present you with the options, moving forward with your application once you feel comfortable with the terms and conditions.
When applying for the First Time Home Buyer Incentive in Canada, the Jason Anbara team is in your corner to guide you through the process.
The application process starts with obtaining your basic information, and we ensure we have all the necessary details before moving to the next steps.
Our team analyzes interest rates from over 67 lenders, enabling us to easily find the most optimal options available and present them to you.
Each lender will have specific terms and conditions, and we’re here to explain them in terms you understand before proceeding with your application.
We’ll provide updates on the timeline of your mortgage as we await approval, keeping you informed every step of the way.
Soon enough, you’ll be ready to put in an offer and get the keys! Before you sign the contract, our team will ensure you’re aware of all the details moving forward.
Buying your first home is an exciting time, and the Jason Anbara team can support you every step of the way! We know the ins and outs of the First-Time Home Buyer Incentive Program in Canada, so you can focus on finding the right home at an affordable price.