FIRST-TIME HOME BUYER
First Time Home Buyer
Are you going to buy a new home in Surrey, BC for the first time? Consult the team at Balance Broker right now.
The process of buying a home is exciting but involves some complexities. If you are purchasing a home in Canada for the first time, you need to be more careful. Being a first-time home buyer may fill you with eternal happiness but don’t ignore the complexities of the process. Our team has good knowledge about the first-time home buyer programs that ensure the best deal.
Start your homeownership journey with us today.
Start your homeownership journey with us today.
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If you are a first-time home buyer, consult us.
faq
Related to First-time Home Buyer Mortgages
The amount of the down payment depends on the price of the home. Let’s suppose you are buying a property worth $500,000; you need to pay 5% of the purchase price. From $500,000 to $999,999, you have to pay 10% of the down payment. If the purchase price is more than $1 million, you have to pay 20% of the purchase price.
To qualify to buy your own home for the first time, it depends on specific programs and incentives. You should be a legal resident or citizen of the country with a specific income limit set by the province. You need to set the purchase limit and save as much as you can.
There are many special programs designed for first-time home buyers, like the First-time Home Buyer Incentive, Property Tax Transfer Exemption, Home Owner Mortgage and Equity Partnership, and many more. Each program has its own requirements and eligibility criteria. Contact us to learn more.
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