Sentences with phrase «purchase of a first home»

The purchase of my first home.

Plus, the federal First Time Home Buyer's Plan lets you tap your RRSP for the purchase of your first home.

This includes unreimbursed medical expenses, health insurance premiums during unemployment, the purchase of a first home, higher education expenses, and others.

With the purchase of our first home came major excitement followed by major work.

The amount required for the purchase of the first home is underestimated by most of the people, no matter whether it is down payment or house size.

For example, you can withdraw up to $ 10,000 towards the purchase of a first home.

Early Roth IRA withdrawals for the purchase of a first home can be done up to a $ 10,000 maximum lifetime per account.

You could be eligible for a grant to use for the purchase of your first home!

During the purchase of his first home in 1996, he realized that he could offer clients a better mortgage experience, and started his career as a Mortgage Loan Officer.

First - time home buyers are able to withdraw up to $ 25,000 of their RRSP through the Home Buyer Plan to be used towards the purchase of their first home.

Otherwise, these withdrawals of earnings are subject to ordinary income tax and the 10 % federal income tax penalty (with certain exceptions including death, disability, unreimbursed medical expenses in excess of 10 % of adjusted gross income, higher - education expenses the purchase of a first home ($ 10,000 lifetime cap) substantially equal periodic payments, and qualified reservist distributions).

You qualify for a special purpose distribution for the purchase of a first home (lifetime limit of $ 10,000)

Among these qualified purposes are: purchase of a first home, education expenses, or health - care expenses.

Or did you know Registered Retirement Savings Plans (RRSPs) can be used towards the purchase of a first home?

Freddie Mac's Home Possible program is an ideal loan option for qualifying families with minimal savings to apply toward the purchase of their first home.

A second benefit that is available to first - time home buyers in British Columbia is that they are able to withdraw up to $ 25,000 of their Registered Retirement Savings Plan (RRSP) through the Home Buyer Plan to be used towards the purchase of their first home.

For example, a Roth IRA allows penalty - free removal of funds to pay higher education costs or go toward the purchase of your first home.

«With the doubled refund, more than half of first - time homebuyers in Ontario would pay no LTT on the purchase of their first home,» explained Ontario Finance Minister Charles Sousa, during a press conference this afternoon.

Remember that a withdrawal taken from a Roth IRA for the purchase of a first home is considered a qualified distribution after the account has been open for five tax - years.

«[We used this] not as a loan but as a distribution, to help with the purchase of our first home,» Aronovich said.

It's generally the case that when people have built up a certain amount of equity through the purchase of their first home, they are then in the position to free up and use some of the collateral for additional purchases.

After getting out of debt — and prior to the purchase of our first home — we worked to save six - month's worth of salary in our emergency fund.

The withdrawal is made: after you turn age 59 1/2; or because you become disabled; or is made to a beneficiary; or is for the purchase of a first home

The tax code allows up to $ 10,000 to be withdrawn from an IRA (Roth or regular) and put towards the purchase of a first home without having to pay the normal 10 % penalty for an early distribution.

The next place to turn is a traditional IRA, which will allow you to withdraw up to $ 10,000 for the purchase of a first home without penalty.

Can withdraw up to $ 10,000 for the down payment on the purchase of your first home with certain restrictions

Traditional IRACan withdraw up to $ 10,000 for the down payment on the purchase of your first home with certain restrictions

One of the most exciting experiences for many people is the purchase of that first home.

She made the purchase of our first home a very enjoyable experience.

Corey helped me with the purchase of my first home.

Staten Island Board of REALTORS ® (Staten Island, N.Y.): $ 2,000 to help sponsor a housing fair for first - time buyers to educate them on issues related to the purchase of their first home.

The measures include introducing a tax credit for the purchase of a first home, maintaining and improving the LogiRénov tax credit, adjusting transfer taxes in order to reflect the significant increase in property prices and expanding the Home Buyers» Plan (HBP).

The QFREB says the creation of a tax credit for the purchase of a first home would be like the tax measure implemented by the federal government as part of Canada's Economic Action Plan of 2009.

This measure would take the form of a refundable tax credit for the purchase of a first home and would help the province catch up in its homeownership rate, says the federation.

I got into Real Estate during the purchase of our first home, and I have been obsessed with it sense.

«We saved over $ 9,300 on the purchase of our first home thanks to Peg!

Reid Voss assisted us as first time home buyers with the purchase of our first home.

Reid did an exceptional job at assisting us with the purchase of our first home.

A licensee is representing his daughter and her husband in the purchase of their first home.

Lawrence First Time Homebuyer Assistance Program: Lawrence First Time Homebuyer Assistance Program is a program that provides financial assistance to low - and moderate - income households in the purchase of their first home.

We want to make sure the purchase of your first home goes as smoothly as possible.

You can withdraw up to $ 10,000 from your account Federal tax - free and IRS penalty - free for the purchase of a first home (account must be open for at least 5 years).

The purchase of your first home is an important financial decision, one that requires a careful analysis of the total cost of home ownership.

This bill, if signed into law, would establish First - Time Homebuyer Savings Accounts to help first - time homebuyers save money toward the purchase of their first home.

To help you get ahead, we've outlined some first - time homebuyer tips by calling out six of the biggest mistakes that you should avoid going into the purchase of your first home that could end up saving you a lot of time, money, and frustration.

The legislation would establish First - Time Home Buyers Savings Accounts to help first - time homebuyers save money toward the purchase of their first home.

Client: Camille C. «My husband and I worked with Christine Smith for the purchase of our first home.

She specializes in helping residents invest in their future through the purchase of their first home.

Mark helped me through the purchase of my first home.

«With the purchase of my first home, the intricacies involved in the transaction left me with more questions than answers, and little if any support.