Questions tagged [first-time-home-buyer]

Questions by users purchasing a home for the first time, and questions relating to the various first-time home buyer credits.

14 questions with no upvoted or accepted answers
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How long must I wait after buying a property to rent it out?

I bought a place as a first time buyer without mortgage. Consequently I paid a 3% stamp duty. Due to certain circumstances, I will have to rent it out. I would like to know how long before I could ...
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2k views

HST for a new home in Ontario, a first time home buyer

I am planning to buy a new home for 830,000, what is the HST calculation? Can HST be paid together with the mortgage? Thanks.
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103 views

UK - What difference would having a “paying guest” lodging in your house make to your home insurance?

I am currently in the process of buying my first house, and had thought about potentially letting out the spare room to a lodger some time in the future. Having just paid for a home insurance policy, ...
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0answers
101 views

How much would I save doing my own electrical rough-in?

I'm a capable and confident diy-er with some electrical experience. I'm trying to find parts of the home-building process I can do myself to save some cash when I build a house in the next couple ...
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262 views

First time buyer with low deposit (UK)

I'm looking to get on the property ladder as soon as possible but due to being the sole earner in our household and having a family I can't put away as much as I would like. I'm hoping in the next 6 ...
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86 views

Home Foundation Warranty Transfer

I recently purchased my first house. The house had some foundation work done a few years ago and the company who did the work supplied a life time warranty. This warranty has a Transfer section that ...
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287 views

Guidelines on when to buy or rent an apartment (in Europe)

I am currently facing an important decision for my life: I finished studies and will soon enter industry to work. Due to the fact that I will likely earn some money on a regular basis, I want to ...
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0answers
41 views

What counts as 'qualified government orders'?

In 2008, we received a first time home buyer credit. In 2010, I became a government employee. In 2015, I transferred to a new position in a new city which made me part of the intelligence community. ...
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0answers
64 views

First time buyer in Ottawa and need some advice!

Hi im thinking of buying a home in Ottawa south for 350,000$ and im going to put 25,000$ as a down payment. I will be moving to another country in 3 years so i will have to sell my home. Do you think ...
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551 views

FHA loan just commenced : Any way to get any of the up-front mortgage insurance back?

Background : I ended up in a nasty situation where my FHA lender had over 7 weeks to prepare, and through indolence, was going to miss closing. Lender became very unresponsive - multiple multi-day ...
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54 views

UK first-time home buyer government programs - ISA

I am currently looking for my first house to buy. I looked at https://www.helptobuy.gov.uk/help-to-buy-isa/how-does-it-work/, The Help to Buy ISA had been closed to new accounts at midnight on 30 ...
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130 views

What do I need to know to buy land and install a house?

I recently inherited some money and wish to buy a house (my first). I have tentatively concluded that the way to go is to buy a vacant lot (there are always some on Craigslist) and a prefab house. ...
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1answer
49 views

Tax benefit on home loan of under construction as well as ready possession property

I am from Pune, India and working in Ratnagiri. I have purchased a under constructed flat as a Co-Owner in FY 18-19 in Pune. Possession will be after four years i.e. 2022. First Owner is my wife. We ...
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162 views

First time buyers in the UK

Are there currently any grants or interest free loans available to first time buyers in the north of England on a home worth around £145,000? My partner and I are looking to purchase a house in the ...