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do the math

5% Incentive

Here's a snap shot of what it looks like to buy a $350,000
re-sale home using the 5% Incentive:
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*Monthly Payments calculated based on a  5 year term, 25 year amortization at an interest rate of 2.89%.

10% incentive

Here's a snapshot of what it looks like to buy a $400,000 brand new construction home using the 10% Incentive:
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*Monthly Payments calculated based on a  5 year term, 25 year amortization at an interest rate of 2.89%.

Mortgage 

Insurance

If your down payment is  less than 20% of the purchase price of your home. you will need Mortgage Insurance. Often referred to as "CMHC", the fee is calculated on a sliding scale; the more you put down, the less the fee
 
Click here to calculate how your mortgage payments are affected. 

Mortgage payment calculator

To determine what your mortgage payment will be, you should try out this online calculator.
By adjusting your down payment, changing the interest rate or playing with the mortgage terms, you can see how your payments go up and down. 

budgeting

tool

If you've never owned a home before, how are you supposed to know how much it's really going to cost. 
This budgeting tool will help! See how property insurance, taxes, utilities, repairs and condos fees will affect your bottom line each month. 

credit check

Did you know that credit scores can range from 300 to 850? The higher your score, the more a lender deems you to be financially trustworthy.
Do you have any idea what your credit score is? 
Click here to find out! 
A good score is >700.
An excellent score is >800.
Don't love your score? There are ways to improve it. Find out more
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