The market for first time buyers can be tough, but there are ways to succeed! I am here to help you plan, save and step into the home of your dreams.
I start working with some buyers years before they are ready to buy.
Reach out today to get a professional on your side.
Buying your first home can be intimidating, but you don’t have to do it alone. There are plenty of government programs to help you save, borrow, and succeed. Let’s work together to find the best ones for you.
Your dream home is right around the corner. First, let’s talk about your goals. I work with some clients years before they’re ready to buy, helping them build credit, save for downpayments, and strategize, getting them into the home they deserve.
Know your buying power in advance. Applying for a pre-approval is an essential step in the home buying process, before you even start looking at houses. Know your budget, talk to your real estate agent, and fall in love with your dream home, knowing it’s in reach
You’re busy, I get that! With an online application and secure client portal, your mortgage doesn’t have to be a hassle. Work face to face, or completely online. Let's make your mortgage-buying process work for you.
"Nicole worked tirelessly to help the dream of home ownership become a reality for our daughter and her family. She communicated clearly every step of the way. We would highly recommend her services. She definitely went above and beyond our expectations!"
There are many ways to go about buying your first house, but following these three steps can help you navigate the process with confidence:
To learn more, or to find out what you qualify for, book a call today!
Assess your readiness by taking a look at your down payment savings and job stability.
If you're unsure, we can work together to strategize and plan for homeownership. Whether it's tackling debt, improving credit scores, saving effectively, or navigating the world of down payment options (utilizing RRSPs, gifted down payment, co-ownership, owning a rental suite etc.), I'm here to guide you towards your goal of owning a home.
Break free from the waiting game, and book a call today!
The First Home Savings Account is a fantastic new program to create a savings account for a home.
It provides an immediate tax deduction on income taxes (similar to an RRSP) and enables tax-free withdrawals. Contributions cannot be back-dated, so be sure to open your account and make your contribution THIS year to take advantage of this annual contribution room of $8000.
To learn more, see FHSA or book a call today!
It is a tiered system of 5% of the first $500,000 and 10% of the amount up to $1.5m.
As an example: If the purchase price is $1,299,000, the minimum down payment would be$104,900.
To learn more about your mortgage options, book a call today!
Ontario Land Transfer Tax Refund: First-time buyers are eligible for a refund of the provincial land transfer tax, which can amount to significant savings on closing costs. With the land transfer tax refund, buyers won’t pay any tax if their home is worth less than $368,000. Buyers of homes with a higher value can receive refunds of up to $4,000.
The Home Buyers’ Plan (HBP): The HBP allows first-time buyers to withdraw up to $60,000 out of an eligible registered retirement savings plan (RRSP) tax-free to put towards the down payment of their primary residence. There’s a 15-year window to repay the withdrawal.
First Home Savings Account (FHSA): The FHSA is a fantastic new way to create a savings account for a home. It provides an immediate tax deduction on income taxes (similar to an RRSP) and enables tax-free withdrawals. Contributions cannot be back-dated, so be sure to open your account and make your contribution THIS year to take advantage of this annual contribution room of $8000.
First Time Home Buyer programs haven’t changed but the amount that you can purchase as an INSURED mortgage has increased to $1.5m.
To learn more about he new rules, check out our mortgage market news analysis. or read up on insured mortgages in our blog.
To best prepare for homeownership, it’s important to be well-informed and financially stable. Here are some steps to consider:
I’m with you for the long haul, from pre-qualification to home ownership. Let's start the conversation today!