Thinking about using your RRSP as a down payment

The financial responsibility that comes with buying a home can become an overwhelming and daunting task, especially with the changes in amounts for down payments going higher. Some folks are considering "borrowing" from themselves and using their RRSP's in order to fund their down payments. It can and can't be a good idea, depending on your circumstances, and the idea needs to be fully explored with a financial advisor so that you are prepared for the outcomes. Check out this article from moneysense.ca to help with your decision...

http://www.moneysense.ca/save/investing/rrsp/think-twice-before-tapping-rrsp-to-buy-a-first-home/