Category Archives: cash central loan

The First-Time Residence Buyer Incentive. A program that is new in order to make homeownership less expensive.

The First-Time Home Buyer Incentive helps qualified first-time homebuyers decrease their month-to-month home loan repayments without contributing to their burdens that are financial.

The First-Time Home Buyer Incentive is just a shared-equity home loan with all the federal government of Canada. It provides:

  • 5% or 10% for a first-time buyer’s purchase of a newly built home
  • 5% for the first-time buyer’s purchase of a resale (current) house
  • 5% for a first-time buyer’s purchase of a brand new or resale mobile/manufactured home

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