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For first-time homebuyers in New Brunswick, several financial assistance programs are available. The Home Ownership Program helps low and modest-income families, while the First-Time Home Buyer Incentive offers a shared equity mortgage to lower monthly payments. Additionally, the Home Buyers’ Plan allows buyers to withdraw up to $35,000 from their RRSPs for a home purchase. Exploring these programs and getting mortgage pre-approval can help first-time buyers in New Brunswick plan their home purchase effectively.
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