First Time Home Buyer Coquitlam

First Time Home Buyer Downpayment Loan

Guest Writer: Peter Radonjic, Mortgage Specialist for our Coquitlam Real Estate Blog explains the new BC Government downpayment loan for first time home buyers.

As you may have heard, the BC government just announced the “B.C. Home Owner Mortgage and Equity Partnership program” which will lend first-time homebuyers up to 5% of the purchase price to use as a downpayment. For the first 5 years the loan is interest-free and re-payments don’t start until year 6. Here’s CBC’s article on it (NOTE the terrible headline – the loan is NOT “interest-free” it’s a loan with interest and payments – the clock just doesn’t start ticking on interest and payments don’t start for 5 years after you get the cash):

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Mortgage Specialist Coquitlam

The Importance of Talking to Your Mortgage Specialist First!

Guest Writer: Peter Radonjic, Mortgage Specialist for our Coquitlam Real Estate Blog. Helping home buyers understand the importance of talking to their Mortgage Specialist before making a decision about buying a home.

With the current crazy Greater Vancouver housing market it has never been as stressful to purchase a house. Complicating matters, mortgage rules and regulations are as strict as they’ve ever been – the federal government has tightened up mortgage rules five times since the US housing market collapse in 2008/09.

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Coquitlam Real Estate Agent for Buying and Selling a Home

Coquitlam Real Estate Agent

Finding a Coquitlam Real Estate Agent to represent you when buying or selling a home will help your real estate transaction process go smoothly.

When you work with a Real Estate Agent, they are working for you and are prepared to do the researching, planning, marketing and negotiating on your behalf to provide the best possible outcome for you and one of the largest assets you own.

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