Richard Quelle Mortgage

10/10/2024

05/23/2023

FIRST TIME HOME BUYERS

As a first-time homebuyer in Ontario, Canada, you have several options available to you. Here are a few programs and initiatives that can help you with purchasing your first home:

First-Time Home Buyer Incentive (FTHBI): This program is offered by the Government of Canada and allows eligible first-time buyers to finance a portion of their home purchase through a shared equity mortgage with the government. It helps reduce your monthly mortgage payment, making homeownership more affordable.

Home Buyer's Plan (HBP): This program allows you to withdraw up to $35,000 from your Registered Retirement Savings Plan (RRSP) to use towards the down payment of your first home. The amount withdrawn is tax-free as long as it's repaid within a specific time frame.
Land Transfer Tax Refunds: Ontario offers a refund on the land transfer tax for first-time homebuyers. The maximum refund amount is $4,000, which can help offset the closing costs associated with buying a home.

Ontario Renovates Program: This program provides financial assistance to low- to moderate-income households who are buying a home that requires accessibility modifications or energy-efficiency upgrades. It offers forgivable loans or grants to eligible homeowners.

Municipal Programs: Various municipalities in Ontario offer their own homebuyer programs, grants, or incentives. These programs can include down payment assistance, tax rebates, or affordable housing initiatives. It's worth researching the specific programs available in the area where you plan to buy a home.
Remember to consult with a mortgage specialist, real estate agent, or financial advisor to get personalized advice based on your specific situation and to determine which programs you may qualify for.

11/12/2019

Access Up To 95% of property value and consolidate your debt

07/12/2017

Home Equity Loans Are A great Way To Consolidate Debt

07/12/2017

Home Equity Loans Or Home Equity Line Of Credit Up To 90% Of Property Value Rates Starting At 3.10%

05/17/2017

Home Equity Line Of Credit or Home Equity Loans
Need some extra cash? If you have equity in your property then Northwood Mortgage can help you.
Refinance or Access up to 90% of property value with a home equity loan
Home Equity Loan Rates starting at 3.25%
2nd or 3rd Mortgage available
Good credit
Bad credit
High credit card balances
Trouble verifying income due to self-employment
Past bankruptcy or consumer proposal
Currently in consumer proposal
Had bank turn downs
Currently under power of sale
Property tax arrears
Home Equity Line of Credit Rates Starting at 3.00%

10/26/2016

https://goo.gl/EJqIf7

Dracula’s castle will have overnight guests on Halloween, marking the first time since 1948 that anyone has slept in the Transylvanian fortress.

10/26/2016

https://goo.gl/58Bfbw

The average-sized Toronto condo rental was 717 square feet.

02/05/2015

Toronto housing market is better than ever, with the new low mortgage rates its better than ever to get into the market of home ownership.
http://bit.ly/1vurq4d

Home sales, prices and listings are all up in January

02/03/2015

Toronto Condo market bounces back now is the time to lock in the new low rates.
http://on.thestar.com/16n0Kar

Rental demand was also up and investor interest in Toronto’s condo market remained strong as first-time buyers found themselves priced out of the GTA’s low-rise house market.

01/20/2015

CMHC Insurance is even more important than ever when purchasing a home in Ontario, with house prices on the rise it has become increasing difficult to come up with 5% down.
http://on.thestar.com/152AoJ7

Ontario’s “laudable” push to higher density housing has gone too far, says a new report, driving unprecedented construction of condo units typically tailored for shorter-term living.”