Uncertain whether you have enough money to purchase a property? I can help you calculate your costs.
Unsure of where the money is coming from? I can help you develop a personalized plan to acquire a down payment using cash, savings, RRSP's or line of credit.
A budget is a useful tool to obtain financial freedom. Creating a budget is easy, following it is the hard part. Developing a budget that works takes time, discipline and goal setting. Look at where you are spending your money. I am sure you will be surprised to see how much money you could save by simply curving your spending habits in a positive way. Let me walk you through the budget process from start to finish and show you what you can accomplish in a reasonable amount of time.
If you are a first time home buyer and have been saving money via RRSP's you are entitled to a first time home buyers loan of up to $25,000. You can borrow this money from yourself interest free and have 15 years to pay it back. What most people do not know is that you can opt out of paying this money back by simply claiming the additional income each tax year until the balance has depleted.
If you currently own a home, let me show you how to use the equity on your property to invest and realize great gains. You can borrow money from a line of credit for your down payment and legal costs for the purchase of an investment property. Real estate is a sound investment that can help you realize gains by way of cash flow, savings and equity.
Take advantage of the interest free line of credit offered with select new build projects that can be utilized for the purchase of a pre-construction property. Most builders look for 20%-25% down payment payable in installments. This line of credit allows you to purchase your new home and close with less than 20% giving you the opportunity to buy that pre-construction property with as low as 5% down.