First time home buyer social media secrets revealed today
Financial Assistance and Incentives
One of the most attractive aspects for first-time buyers is the availability of financial assistance programs. Many governments offer incentives such as tax credits and grants. For instance, the U.S. offers FHA loans, which require lower down payments and are easier to qualify for than conventional loans1. Similarly, the First-Time Home Buyer Incentive in Canada provides shared-equity mortgages to reduce monthly payments2.