Sutton Showplace Realty (2015) Chilliwack

  604-858-1800 

New Incentive for First Time Home Buyers

15 September 2019
Sutton Showplace Realty Chilliwack
The new First-Time Home Buyer Incentive is a 3 year program offered by the Federal Government as a "Shared Equity Mortgage", with the Federal Government being your partner.

The incentive allows eligible first-time home buyers, who have the minimum down payment for an insured mortgage, to apply to finance a portion of their home purchase through a form of shared equity mortgage with the Government of Canada. Essentially, the incentive helps qualified first-time home buyers reduce their monthly mortgage carrying costs without adding to their financial burdens.
  • Lower Monthly Mortgage Payments
  • Interest-free Incentive Program
  • No Pre-payment Penalty
  • Newly Constructed Homes eligible for 5% or 10%
  • Existing Homes eligible for 5%
This website help to determine your eligibility, calculate your maximum purchase price, and select the incentive that is right for you.
https://www.placetocallhome.ca/fthbi/first-time-homebuyer-incentive
 
For mortgage advice, contact an experienced licensed mortgage specialist.