TIPS FOR FIRST-TIME BUYERS

For first-time buyers, navigating the current market requires careful financial planning and consideration of various funding sources. Here are some practical tips:

Explore all financing options
Beyond traditional home loans, consider government subsidies like First Home Finance (FHF, formerly FLISP).  Understand the terms and risks associated with each option.

Save aggressively
Even though saving for a down payment can be challenging, creating a disciplined savings plan can make a significant difference.

Seek professional advice
Consult with financial advisors and real estate professionals to understand the best strategies for your situation.

Monitor market trends
Stay informed about interest rate changes and housing market trends to make timely and informed decisions.

Budget wisely
Ensure your housing budget includes all associated costs, such as property taxes, maintenance and insurance.

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