Facebook
X
Pinterest
Copy Link
As of December 15, 2024, first-time homebuyers in Canada can now qualify for a 30-year amortization on purchases with less than 20% down! 🙌 This is a game-changer, making homeownership more affordable and accessible.
💡 Key Benefits:
✅ Lower monthly mortgage payments 💰
✅ Requires less income to qualify 🏦
✅ More flexibility for first-time buyers
📊 Comparison Example:
For a $500,000 home at 4.29%, the monthly payment drops from $2,676 to $2,435—giving buyers more breathing room in their budget!
🔎 Who qualifies?
✔️ First-time homebuyers only
✔️ Secondary borrowers/cosigners do NOT have to be first-time buyers
✔️ Max 20% down payment to qualify
If you’ve been waiting to buy, NOW might be the time to explore your options! Let’s chat about what this means for you. 📩 DM me for more info or to connect with a mortgage expert!
#FirstTimeHomeBuyer #MortgageNews #HomeBuyingTips #RealEstateCanada #NewMortgageRules #HomeAffordability #FortErieHomes #NiagaraRealEstate #HouseHunting #BuyersMarket #MortgageRates #DreamHome #BuyingAHome #FinancialFreedom #HomeSweetHome
