Mortgage Intelligence

Oshawa's Mortgage News Desk!

Tap Into Your RRSP

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First Time Home Buyers

Use your RRSP as a downpayment.

If you have RRSP savings you have a down payment that you can access now and take up to 15 years to repay. You may also be able to save on CMHC Insurnace when buying your home, but using your RRSP funds to put down more than 5% of the purchase price.  You and a spouse can use up to $25,000 each as a down payment if neither of you has owned a home in the past.

First Time Buyer

Include renovations in your mortgage.

 

We are pleased to provide you with valuable information about using your RRSP so you can buy a home now!     Here is the information RRSP as a down payment

If you wish to take advantage of historically low mortgage rates, please apply now using our secure online mortgage application today!

Do you have a question about using your RRSP as a down payment? Use the handy form below to reach out to us and we’ll be happy to answer your inquiries. If this article is helpful, pleases share it with your Facebook friends!

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Author: mimortgage.ca

David Hetti is a full time Mortgage Broker with Mortgage Intelligence (FSCO Lic MO8002434) David is the Director of Operations at Mortgage Intelligence Oshawa and heads a team of full time licensed Mortgage Agents serving all of Ontario. David is also a licensed Insurance Consultant.

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