House it Going? Web Series: HBP (Home Buyers' Plan)
House it Going? Web Series: HBP (Home Buyers' Plan) (1 min 10 s)
Added on March 29, 2018
Description
In part 2, Arnaud Soly learns about the HBP. It's not a band, it's the Home Buyers’ Plan!
House it Going? is a 5-part web series on buying a first home.
House it Going? Web Series: HBP (Home Buyers' Plan) (1 min 10 s)
Added on March 29, 2018 | Desjardins Group
Note: The information in brackets describes the visual and audio content of the video, and the rest of the text represents spoken content.
[The title of the series appears syllable by syllable on a projection screen as Arnaud Soly sings a long as they appear, striking different poses in front of the camera.]
[On-screen text: House it Going?]
[The topic appears on the screen. In the background, there’s a small yellow house on a table. Background music.]
[On-screen text: 2. The Home Buyers’ Plan]
[Arnaud Soly and Marie-Ève Dorion are sitting on stools in front of a white projection screen.]
Arnaud: Hi and welcome to House it Going? I’m Arnaud Soly, and this is Marie-Ève, advisor at Desjardins.
Marie-Eve Dorion: Hi, Arnaud.
Arnaud: Hey. So, House it Going with that home buying process?
Marie-Ève: Well, we covered the down payment.
Arnaud: I’m down with down payments.
Marie-Ève: To help you with your down payment, you can use the HBP to withdraw money from your RRSP.
Arnaud: Ooooh, I love that.
Marie-Ève: Do you even know what the HBP is?
Arnaud: Sure, we talked about it last time! It’s a band, right? You want to have a battle of the bands?
Marie-Ève: No, Arnaud, the HBP is not a band. It’s the Home Buyers’ Plan.
Arnaud: Yeah, yeah.
Marie-Ève: With the HBP, you can withdraw up to $25,000 from your RRSP for your down payment. So, as a couple, you could withdraw up to $50,000.
[On-screen text: $25,000/$50,000]
Arnaud: This is music to my ears!
Marie-Ève: You then have 15 years to pay back what you borrowed from your RRSP.
Arnaud: OK. House it possible to use the HBP if you don’t have an RRSP?
Marie-Ève: A Desjardins advisor can help.
Arnaud: That’s amazing. I’m definitely using the HBP to buy my first house.
[Cut to Arnaud sitting at the table with the yellow house. He’s playing Desjardins’s musical motif on a recorder with his nose.]
[On-screen text: Desjardins logo]