[ Browse by Service Category : Home Purchase/Construction Financing/Refinancing : Sub-Topics of Home Purchase/Mortgage Refinance Loans (2) ]
CMHC Home Buyers' Plan
A program operated through the Canada Mortgage and Housing Corporation (CMHC) that allows a tax-free withdrawal from a Registered Retirement Savings Plan (RRSP) to build or buy a qualifying home.
First Time Buyer Home Loans
Programs that provide low interest down payment/closing costs loans and/or home purchase loans for people with low incomes who are purchasing a home or a condominium for the first time. These loan programs generally require that the property be used as a primary residence; allow lower down payments, assistance with closing costs and alternative credit; and often require participation in home buyer training classes.
The above terms and definitions are part of the Taxonomy of Human Services, used here by permission of INFO LINE of Los Angeles.