Welcome back to Heart-Centered Money Conversations. In today’s episode we are learning The Best Ways to Save For A Home In Today’s Economy!
🚀 Discover the Value:
- Tax-Savvy Path to Homeownership: Explore how you can save for a home and reduce your taxes and create tax efficient strategies
- Seize RRSP Opportunities: Understand how the Home Buyers Plan works so you can make educated decisions
- A Financial Balancing Act: Weighing Short-Term Needs against Long-Term Goals.
- Best options: Determine the pros and cons of the First Home Savings Account and the Home Buyers Plan
- A proven Path: Learn what Kristen did to buy her home
✅ Homework/ Actionable Steps:
- Reach out to get a quote for your Mortgage. If you are in Ontario check out Rocket Mortgage with Kristen’s referral link below.
- Determine if an First Home Savings Account or/ana Registered Retirement Savings Account will meet your needs
- Research if it makes sense for you to open up an account and schedule regular contributions
🔗 Resources:
Mortgage quote for new mortgages and renewals: https://landing.rocketmortgage.ca/alf/easy-start/loanType?qls=PRM_8mjly000.0000000000&j=96737&sfmc_sub=203413353&l=18_HTML&u=1234115&mid=515007955&jb=2&lang=en