5 Tips for first-time home buyers in Fredericton, NB

Save for a down payment: save at least 5% to 20% of the purchase price for a down payment. If down paymnet is less than 20%, then you have to pay for cmhc insurance which is bewteen 2% – 4% of the purchase price. Learn about 0% interest borrowing from own rrsp for down payment.
Pre-approval and financing: before starting your home search, get pre-approved for a mortgage to understand how much you can borrow.
Research communities and neighborhoods: research different communities and neighborhoods to find the best fit for your needs and preferences like school, hospital, amenities, parks and more. Well knowledgeable like abhi menon from menonrealty.ca can help you to make right decision.
Understand the costs involved: consider additional costs such as home inspection, appraisal fees, title insurance, legal fees, property tax, insurance and maintenance.
Take advantage of first-time home buyer incentives: in new brunswick, there are various incentives for first-time home buyers.

5 Tips for first-time home buyers in fredericton, NB