– Want to know if you qualify for a first-time buyer program? These programs are specifically designed to help first time buyers overcome some of the more common hurdles they may face when buying a home, such as saving up for down payments and closing costs.
So I'm a First Time Home Buyer, What Do I Need to Know? – A: As long as you qualify as a first-time home buyer under the CRA, and provided you have paid back your first RRSP withdrawal in full before the year of purchase, you are permitted to utilize it again. Next is the Home Buyer amount. This is a 5k non-refundable tax credit which works out to $750 back to a first-time home buyer.
The 3%-Down Mortgage: How to See If You Qualify – The standard 3%-down loan, known as the "Conventional 97," is available to first-time homebuyers, which is defined as at least one borrower hasn’t owned a home within. I can’t give a definitive.
If my name is on the deed but the mortgage is not do I qualify as a first time home buyer under the 8000 tax c Find answers to this and many other questions on Trulia Voices, a community for you to find and share local information. Get answers, and share your insights and experience.