Planning on buying a home? CIBC has all the resources you need to find the mortgage that's right for you. Start with our step-by-step guide for first-time home buyers.
Depending on your home-ownership goals, we have a lot of greatmortgage loan options for first-time buyers. Just to name a few, conventional loans can be ideal if you've been saving for a while and have a strong credit score. FHA loans can help if you're looking for a lower down pay...
If an eligible first-time homebuyer has aRoth IRA, they can withdraw money for the purchase both tax- and penalty-free as long as they've had a Roth account for at least five years. They can also withdraw their contributions to the Roth account (but not the earnings) whenever they wish...
First-time home buyer savings accounts. These state-authorized accounts let individuals contribute to a savings account designated for buying a house. Yearly contributions are deductible on state returns, similar to an IRA deduction.7,8 Not all states have first-time home homeowner savings ...
As you tick off the items on your first home checklist, you’ll be building a strong financial foundation for home ownership — and positioning yourself to search for your perfect first home, close the deal, and move in!Get Your Finances in Order To become a first-time homebuyer, you’...
Home Saver Account Helps First-Time BuyersTHE much-publicised First Home Saver Account Scheme opened for deposit-taking on October 1, 2008, but its reception by the public was lukewarm.
The federal and state governments offer a variety of programs to support home purchase, with a particular emphasis on first time buyers.Understanding Your Loan Choices see here First Time Home Buyer Programs in Your State Featured Articles Downpayment Assistance Program for the First Time Home ...
Of course, few first–time buyers have saved enough for 20% down. But the good news is that you don’t need that much. Not by a long shot. Borrowers can often get into a new home with as little as 3% or even 0% down using one of these low–down–payment mortgage programs: ...
As long as you qualify as a first-time homebuyer as delineated above, the options discussed in this article can help make your dream of buying a new home a reality. Do not be afraid to apply just because no one in your family ever owned a home before or you were unfairly rejected in...
But, with this first-time homebuyer’s guide, you’ll learn what to expect from the buying process, including: The benefits available to first-time buyers (as we’ll explain in the next section, you might qualify as a first-time buyer even if this isn’t technically the first time you...