- Joined
- Aug 21, 2008
- Messages
- 25
A prospective Lease Option tenant/buyer emailed me a question that has me stumped -
He`s a first-time home buyer asking if he can use his RRSP`s or take advantage of the Home Buyers Plan with the Lease Option???
I`m thinking that this will only come into play in a couple years when he exercizes his "option to purchase" and applies for his mortgage financing with a broker - (is that correct?)
Or can the Buyer use his RRSP`s now as part of his Option fee (down payment)?
He`s a first-time home buyer asking if he can use his RRSP`s or take advantage of the Home Buyers Plan with the Lease Option???
I`m thinking that this will only come into play in a couple years when he exercizes his "option to purchase" and applies for his mortgage financing with a broker - (is that correct?)
Or can the Buyer use his RRSP`s now as part of his Option fee (down payment)?