Get the Homeguard Edge - What's Next?

Let Homeguard Funding Ltd. assist you to create your own downpayment using the Government of Canada's Home Buyers Plan.

WHAT’S NEXT ……

To determine your eligibility of “THE HOMEGUARD EDGE” your First Time Buyer Mortgage specialist will require the following:

Notice of Assessment from the most current taxation year.
A completed “Pre-Qualifier” application.
And, just a few more questions.

Your application will be assessed, and if you are eligible and qualify, your First Time Buyer Mortgage Specialist will make the necessary arrangements with a financial institution for the following:

A pre-approved mortgage certificate.
A guaranteed interest rate for as long as possible.
A pre-approved short term loan.

Arrangements will be made for the short term loan to be processed to ensure the RRSP contribution is made prior to March 1 deadline.

Don’t leave it until the last minute, plan ahead.
Withdrawal of RSP would be used to pay off loan in this case (or) if you are not planning to buy soon, pay off the loan quickly and build your down payment.

DATES TO REMEMBER..........

The RRSP deposit (and loan) must be completed prior to MARCH 1 to be eligible for the previous taxation year.

The closing date should be planned to allow sufficient time for you to have your closing date of no sooner than 90 days from RSP deposit is recommended. However you can close whenever you wish after that date and money can be withdrawn 90 days after the deposit is made and after you have an accepted offer on a home.

You will receive your tax refund when you file your income taxes.

If you already have some down payment you can still use this provision to create for refund for next year (or) put your down payment in a RSP account and created a refund for next year.

WE ARE IN A POSITION TO REFER YOU PROVEN PROFESSIONALS TO ADD TO HELP YOU RECRUIT YOUR TEAM, ASK US!