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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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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