Are you searching for a new property in Winnipeg or you have decided to sell your existing one? Let the experts from The Jennifer Queen Team assist you in the best possible way. They can guide you during the buying and selling process. These experts are up front about services they will provide so you can trust them and get the needed support. Simply call this team and they will certainly help you every step of the way.
If you are interested in First Time Home Buyers Manitoba just get in touch with The Jennifer Queen Team to get more details. The new First Time Home Buyer’s Incentive (FTHBI) came into effect in September 2019. This is a great program designed to make things as simple as possible for young people. It helps eligible Canadians buy their first home by lowering the monthly mortgage payments. The federal government agreed to a $1.25 billion CMHC First-Time Homebuyer Incentive over three years. It will provide 5% of the cost of an existing home up to a maximum of $500,000 and 10% of the price of a new home. While it sounds like the federal government is providing an interest-free loan, know that they also secure shared equity in your home as it goes through gains and losses. This means the amount paid back to the government will fluctuate according to how much your home increases or decreases in value.
However, to qualify for the new First Time Home Buyers Manitoba you need to take these things into account:
- Applicants must have a down payment of at least 5% and no more than 20%. (CMHC insurance must apply).
- Household income must be less than $120,000.
- The mortgage cannot be more than four times the homebuyers' household income.
Also, don’t forget about these points:
- Applicants must not have owned a house in the last four years – exceptions will be made for those in a “breakdown of marriage or common-law partnership.”
- The loan must also be paid back under two circumstances:
- if you sell your home
- or at the end of 25 years
Buying a condo is certainly a wonderful choice. However, finding your dream Condos for Sale in South Winnipeg will be much easier if you choose The Jennifer Queen Team. You can be sure that your new condo will be the place where you can live and grow, entertain and celebrate. The experts at The Jennifer Queen Team have a mission to find the right Condos for Sale in South Winnipeg for each and every customer.
Why You Should Buy a Condo
- Location
Most condominiums offered by The Jennifer Queen Team are located in the best spots in Winnipeg. Of course, owning a condo in the centre of Winnipeg can be more expensive than purchasing a condo in other areas of Winnipeg.
- Luxury
Owning a condo offers lots of luxurious perks. The realtors offer such condos that look so chic and luxurious. They find some of the best choices so that you will live in an elegant condo you have been dreaming of.
- Maintenance
Minimal upkeep is one of the main reasons why living in a condominium is so popular. When purchasing a house and lot, homeowners are responsible for the maintenance and the repair issues of the home.
Now what are you waiting for? Start the new chapter of your life with the help of The Jennifer Queen Team.
