The First Time Buyer Incentive Program is a share equity program with the Government of Canada. It may be a good fit for those trying to get into the real estate market and require a higher down payment to qualify. Some quick facts: maximum household income is $120,000.00 repayment of the incentive is due after 25 years or when property is sold (whichever is first) must be an insured mortgage (less than 20% down payment) can be used if there is a breakdown of a marriage and re-buying lower monthly mortgage payments and reduced insurance premiums! Contact me today to learn more! Jessica Normandeau 780-850-2908 Jessica@flaremortgagegroup.com Mortgage Broker - Flare Mortgage Group #flaremortgagegroup #shpk #shpklocal #edmonton #yegmortgages #yegmortgagebroker #broker #mortgage #happinesscreator #mortgagetips #peaceofmind #knowyourbudget #bestbroker #FTHBI #firsthome
