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30-Year Mortgage for First-Time Homebuyers: Is It a Good Idea?

Overview of the New Policy Starting Thursday, the 2024 federal budget introduces a significant new policy allowing first-time homebuyers to apply for a 30-year mortgage specifically for newly built homes. This groundbreaking policy extends the repayment period by an additional five years compared to the traditional 25-year limit, which still applies to other types of […]

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