The First-Time Home Buyer Incentive helps qualified first-time home buyers reduce their monthly mortgage carrying costs without adding to their financial burdens.
First Time Home Buyers Step 5 – Completion and Possession
If you are looking at getting into the Vancouver housing market and purchase real estate, watch the steps every first time home buyer and buyers should know.
Step 5: Completion and Possession ✓
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First Time Home Buyers Step 2 – Your Property Search
If you are looking at getting into the Vancouver housing market and purchase real estate, watch the steps every first time home buyer and buyers should know.
Step 2 : Start your property search ✓
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Difference Between Possession & Completion Date
In this episode of “Difference Between Possession & Completion Date” Realtor Krista Lapp and Mortgage Broker Mortgage Broker Evangeline Villanueva clarify what the possession date means and what the steps are leading up to completion (funding).
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The Mortgage Stress Test Explained
In this episode of “What is the mortgage stress test”, Coquitlam Realtor Krista Lapp and Mortgage Broker Evangeline Villanueva share what the Mortgage Stress Test is and its impact on buyers’ purchasing power.
You’ll learn:
🔹What the mortgage stress test is
🔹Who the stress test affects
🔹How the stress test impacts borrowers
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):