Episode 52 | First Home Purchase & Tax Update

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Buying a home is one of the most imporant life decisions you will ever make. However, for many, it is a scary journey because if is full of unknowns. Will and Tim just bought their first homes, so the team decied to unpack the process of buying a home.

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As an added bonus, the first time home tax benefits from the April federal budget are also discussed, so you can have a good idea of some additional supports that will be available to you with the purchase of your first home.

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Tune in and learn about:

-The steps to buying a home

-How to get pre-approved for a mortgage and what documents you need

-Credit scores and how they tie in with mortgages

-Property inspection: Valuable or waste of money?

-Calculating net worth after purchasing your first home

-Federal first home savings account and how it is projected to work

-First time home buyers’ tax credit