Incentives  for

 FIRST –TIME BUYERS

First-time home buyers - - defined as not having owned a home in the 4 prior years.

$5,000 Savings on Your Purchase Or I Will Pay You $1000  GUARANTEED!        

SAVE  Five Thousand Dollars when you use my services to purchase your home …See details at http://www.lenstephens.com/Custom.asp?page=2215  

$5,000 federal tax credit on the purchase of a home

This is a “First-Time Buyer’s Credit” of $5,000 saving $750 at the 15% federal rate on the purchase of a home . Only one credit may be claimed per spousal couple.

Withdraw of up to $25,000  under the Home Buyers Plan

The Home Buyers Plan (HBP) maximum RRSP tax-free withdrawal for first-time buyers has increased from $20,000 to $25,000 or $50,000 cash for a couple. HBP withdrawals are interest-free loans from your RRSP repaid over 15 years starting 2 years after withdrawing.

Ontario Land Transfer Tax Refund:

$2,000 rebate of Ontario Land Transfer Tax on the purchase of both new homes and resale homes.

Toronto LTT exemption: 

A  $3,725 exemption on the new Toronto Land Transfer Tax started on February 1, 2008. First-time buyers will pay only 2% on the purchases over $400,000.

Low, Low Mortgage rates: 

Mortgage rates are now at their lowest levels in recent years…   ($250,000 loan 3.85% , 5yrs 25yrs amort. ) paying $1167.50 /mth  P & I.. pay even less with a variable mortgage (2.89%)

Renters… Take advantage of recently announced Government incentives + lowest mortgage rates in recent years. 

Get a $250,000 mortgage paying  less than $1200 /mth (P & I). Go to http://www.centum.ca/sheila_stephens  for quick approval

or call                  905 409-8137