Should You Pay Off Debt Before Buying a House? Here’s What Most Canadians Get Wrong

🚨 Should You Pay Off Debt Before Buying a House? The Answer Might Surprise You! Most Canadians think they need to be completely debt-free before buying their first home… but that’s not always true. In this interview with financial consultant Paige from Pinching Pennies with Paige, we break down the real numbers behind homeownership and discuss: 🏡 Should you pay off debt or save for a down payment first? 💰 How the First Home Savings Account (FHSA) can accelerate your home-buying goals 📉 The impact debt has on mortgage qualification 🔑 How some buyers get into the market with as little as 5% down 📊 Smart financial strategies for first-time home buyers in Canada ⚠️ Common mistakes that can cost you years of waiting If you’re wondering: • Can I buy a house with debt? • How much down payment do I need in Ontario? • Should I use my extra money to pay off debt or invest in an FHSA? • How do first-time home buyer programs work in Canada? This conversation could save you thousands of dollars and help you get into the housing market sooner. 📲 Thinking about buying a home in Brantford, Paris, Hamilton, Ancaster, or surrounding areas? Contact Joanne Acri RE/MAX Twin City Realty Inc. ☎️ 226-208-1720 📧 Jacri@remax.net Connect with Paige for personalized financial planning advice. 👍 Like this video and subscribe for more Canadian real estate, home-buying, and personal finance tips. #FirstTimeHomeBuyer #FHSA #CanadianRealEstate #HomeBuyingTips #OntarioRealEstate #MortgageAdvice #DownPayment #PersonalFinanceCanada #BrantfordRealEstate #DebtFreeJourney #FinancialPlanning #RealEstateCanada #HomeOwnership #BuyAHouseCanada