Navigating the path to buying your first home is now more attainable with the Desjardins FHSA Loan.
This innovative financial product is crafted to help you maximize your savings in a tax-efficient manner, ensuring you are one step closer every day to holding the keys to your new home.
About Desjardins:
Desjardins Group stands as a leader in Canadian finance, renowned for its commitment to supporting members’ long-term financial goals.
With a history rich in community involvement, Desjardins not only provides specialized loans like the FHSA but also offers a comprehensive range of financial products, from insurance to investment options, all designed with member needs in mind.
Main characteristics of Desjardins FHSA Loan
- Maximum loan amount up to $8,000 in the first year.
- Contribution capability of up to $16,000 annually after the second year.
- Fixed interest rate ensuring predictable repayments.
- Flexible repayment plans – weekly, biweekly, or monthly.
- Possibility of pre-payment in full or in part, without any extra fees.
Disadvantages
- Limited to first-time home buyers.
- Requires discipline in repayment to avoid financial strain.
Here is advice for you
The Desjardins FHSA Loan is an exceptional choice for any prospective homeowner looking to optimize their financial resources.
It’s a strong, strategic option that not only helps save for your home but does so in a way that’s financially prudent and beneficial in terms of tax savings.
Requirements to apply for this loan
- Proof of income and investment.
- Latest federal tax assessment and other loan statements.
- Financial commitment to meet the repayment schedule.
How to apply for the loan
- Gather all required documentation.
- Schedule a meeting with a Desjardins financial advisor.
- Discuss your financial situation and loan needs.
- Complete the application with the advisor’s assistance.
- Submit the application and await approval.
Apply for your Loan
Taking the first step towards buying your home with the Desjardins FHSA Loan is a decision that brings you closer to your dream.
Click below to begin your application and embark on your journey with confidence and financial support!