Low-cost home ownership is financial assistance programs offered by the government to assist lower-income families with the purchase of a residential property to live in it.
There are currently a number of programs with different alternatives and yet we experience an all time high home prices in Toronto. Programs like Home in Peel region affordable ownership and the Region of Waterloo affordable home ownership and the idea of the creation of other programs should be supported with more funding by all levels of government.
If you think that we are living in a time that demands more programs to assist home ownership, estate your opinion in the poll below.
As mortgage agent serving the greater Toronto area and beyond, I receive information about many mortgage rates updates from the numerous lenders, whether they are banks, financial institutions, credit unions and private lenders with the purpose promoting them among my clients, some products offer temporary advantages to the borrower or specific timing on a deal, the mortgage products from lenders are not the same.
By the way, offering a variety of mortgage products is a starting advantage that helps my clients decide in dealing with me rather than their bank, they prefer options that deliver more savings, it makes them feel comfortable
The Bank of Canada recently lowered the key overnight rate, that leads to a reduction in mortgage rates from many of our lenders, besides the rates we also see unique government incentives for first-time home buyers, and even the opportunities of tax sheltering and tax returns with the rrsp’s home buyers plan that helps buyers save for their down payment, all this helps a great deal to practice a good mortgage assessment that will certainly lead to the approval of a mortgage loan and a low-cost ownership, what do you think?
If you are interested in finding out if you qualify for a mortgage this year so that you can purchase your home, do not hesitate in contacting me now
