Sentences with phrase «when saving for a down payment on a home»

In almost every situation, raiding your RRSP consistently ends up being the better tool when saving for a down payment on a home.

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Saving for a down payment on a home is a big goal and most financial experts recommend that you bring at least 20 percent of the total purchase price to the table when you're ready to buy.

When it comes to saving up for a down payment on your first home, it's best to do so in a dedicated account.

Earlier in their relationship, over-spending had become a source of tension when they were saving for a down payment on a home.

Investing is best used when saving for things like your retirement, your child's college education, or a down payment on a vacation home that you want to purchase a decade from now.

I pride myself on my education, and the fact that I've managed to provide for myself over the years, but must say that when my income hasn't increased much over the past few years due to cutbacks at the public university where I am employed, my student loan bill continues to weigh me down and prevent me from doing other things, like saving a down payment for a new home.

When I look at property values today, especially in cities like Vancouver and Toronto, I am staggered to think of how long it would take a young family to save for a down payment while they pay rent on a home and raise a family.

Suburban REALTORS Alliance Position The Alliance is opposed to increases in the current transfer tax for the following reasons: 1) As the transfer tax is levied only on buyers and sellers of property, the burden per taxpayer is greater than the burden from a more broad - based tax designed to generate the same amount of revenue; 2) Since public transportation is a benefit that is open to all members of society, the charge should not be placed solely on buyers and sellers of property; 3) The transfer tax adds additional burdens on first - time home buyers saving for a down - payment and covering the closing costs and runs contrary to existing federal, state, and local programs including the mortgage interest deduction, low interest property maintenance loans, and grants to first time homebuyers; 4) A real estate transfer tax is a state and local tax assessed on real property when ownership of the property is exchanged between parties.