Posted by admin on May 29, 2010
YES! You Can Use Your RRSPs To Buy A Home?
First-time buyers can use their RRSP money to help them to buy a home, if they meet certain criteria. The Program is called the Home Buyers’ Plan (HBP).
Who Runs the Program?
The Federal Government launched the HBP as a way to help first-time buyers get into the housing market; the federal and Ontario governments have a long tradition of helping home buyers!
How it works:
Under the “HBP”, the Canada Revenue Agency (CRA) permits you to use your RRSP funds towards the purchase of a new home. Basically, you withdraw funds from your RRSP and use that money toward buying a home, usually as a down payment (the home has to be where you’re going to live, i.e. your principal residence). You don’t have to add the amount of the RRSP money that you withdraw to your income — and be liable for the ensuing taxes — and your RRSP issuer will not tax the funds, either. You then have 15 years in which to repay the money to your RRSP. Continue Reading »How Do You Use Your RRSPs To Buy A Home?
Categories: First Time Home Buyers |
Tags: buying a home, down payment, first time buyers, first time home, first time home buyer, first time home buyer guide, first time home buyers, home buyers, home buying process, home financing, mortgage approval | 
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Posted by admin on May 20, 2010
Don’t Even Think About Selling Your Home Before Reading This Report …
27 Home Selling Mistakes and How to Avoid Them!
Selling your home? Don’t let avoidable mistakes cut into your profits!
Most people don’t sell homes for a living. The right real estate agent is a vital piece in the selling puzzle but ultimately it’s your home and your profit or your loss. Don’t let these common sellers’ mistakes diminish your profits!
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Categories: Free Consumer Reports |
Tags: avoidable mistakes, real estate agent, selling your home | No Comments »
Posted by admin on May 18, 2010
Don’t Even Think About Buying a Home Before Reading This Report …
5 Things Every First-Time Home Buyer Needs to Know!
Wouldn’t you like to know how to calculate how much mortgage you qualify for, know what documentation is needed? How about what type of mortgage is best for you?
This guide has been created to help you understand the 5 most important things you need to know before financing a home purchase.
By the time you are finished with this short guide you will know how much mortgage you qualify for, where your down-payment is coming from, documentation needed, the type of mortgage that is right for you and how your credit fits into the big picture.
To get this FREE report via email simply fill in your name and email address below. Your name and email address will NOT be shared with anyone.
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Categories: Free Consumer Reports |
Tags: buying a home, first time home, first time home buyer, mortgage | No Comments »
