The Jennifer Queen Team is a professional real estate team that specializes in all areas of Winnipeg. Be it South Winnipeg Real Estate, Transcona, River Heights, etc. the experts have realtors that work and specialize in those areas! This team is known for Houses for Sale Winnipeg South all the way to the north side of the city. All you need to contact this professional team and get help from these dedicated experts.
If you are interested in First Time Home Buyers Manitoba then never think twice and call The Jennifer Queen Team to get more details. The new First Time Home Buyer’s Incentive (FTHBI) came into effect in September 2019. This is a great program designed to make things as simple as possible for young people. It helps eligible Canadians buy their first home by lowering the monthly mortgage payments. The federal government agreed to a $1.25 billion CMHC First-Time Homebuyer Incentive over three years. It will provide 5% of the cost of an existing home up to a maximum of $500,000 and 10% of the price of a new home. While it sounds like the federal government is providing an interest-free loan, know that they also secure shared equity in your home as it goes through gains and losses. This means the amount paid back to the government will fluctuate according to how much your home increases or decreases in value.
However, to qualify for the new First Time Home Buyers Manitoba you need to take these things into account:
- Applicants must have a down payment of at least 5% and no more than 20%. (CMHC insurance must apply).
- Household income must be less than $120,000.
- The mortgage cannot be more than four times the homebuyers' household income.
Moreover, you should also pay attention to these things:
- Applicants must not have owned a house in the last four years – exceptions will be made for those in a "breakdown of marriage or common-law partnership."
- The loan must also be paid back under two circumstances:
- if you sell your home;
- or at the end of 25 years
If you are going to buy a new property in Winnipeg or you have decided to sell your existing one, The Jennifer Queen Team is always there to help you. Remax Winnipeg is such a neighbourhood that has much to offer its residents. The young can enjoy their time and feel energized a lot as there are many entertainment areas. However, the old can also have a great time here because Winnipeg offers cozy ends of the day. Sounds amazing, right? The evenings in this town are very quiet and there remains nothing from this noisy place. So whatever your needs are, be sure that Remax Winnipeg is a great choice for both the young and the old.
The community plays a great role in having a comfortable, safe and peaceful life. Changing your current location can be stressful but it will be easier when you choose this professional team. If you want to know more about the given services and areas where these specialists serve, just visit the website and learn more!