How much do you actually know about reverse mortgages? Most people know that they are available to help Canadians who are fifty-five years and older with access to equity in their homes tax-free. But many people mistakenly think that Canadian reverse mortgages are just like those offered in the U.S.
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The Vast Difference Between Reverse Mortgages In Canada Vs. The U.S.
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First Time Home Buyer’s Incentive With Mortgages By Erin
If you’re struggling to obtain your first mortgage, you’re in luck because the government’s First-Time Home Buyer Incentive (FTHBI), is now at your disposal. The FTHBI is a shared equity program introduced by the government of Canada and is available to first time home buyers. The program was officially launched on September 2, 2019, by the CMHC (Canadian Mortgage and Housing Corporation), and is meant to help younger buyers afford a new house with lower mortgage payments.
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Announcing The New Website
We are delighted to announce the launch of our new website!
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New Website Under Construction.
We are currently revamping our website. Our new website will be interactive and mobile friendly! Watch this space for updates. Just a few more weeks to go!
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