by Geoff | Apr 19, 2017 | First Time Home Buyers
Rent To Own contracts are more than just paying rent to the Landlord and applying the rent toward the purchase of the property. We are going to walk you through the steps that are involved in a Rent To Own (RTO) contract. Starting off with what is it, how it works,...
by Geoff | Dec 19, 2016 | First Time Home Buyers
Thank to Kam Bansal for this update! A quick update on the BC Governments newly announced initiative for Interest free loans up to $37,500 for 1st Time Home Buyers. Here are a few updates that we have, but soon enough, we will be hearing from the individual...
by Geoff | Nov 18, 2016 | First Time Home Buyers, Uncategorized
I want to share with you a story. Below is the story of John, and if you ever want to own a home, you need to read his story. John was a 25 years old. He was good with money. He went to school and he worked his butt off to support himself. John had been saving $250...
by Geoff | Nov 8, 2016 | First Time Home Buyers
Before we start, something needs to be made clear: B.C.’s First-Time Home Buyers’ Program is not the same thing as First-Time Home Buyers’ Tax Credit and it is also not the same as the Home Buyers Plan. The First-Time Home Buyers’ Program in British Columbia gives...
by Geoff | Nov 4, 2016 | DLC, Finances, First Time Home Buyers, Getting a Mortgage, mortgage trends, Rates, Refinancing
What is the maximum mortgage amount one now qualifies for with the rules that came into effect on October 17th? Short answer: LESS. A minimum of 20% less, in fact. Before October 17th, the lenders calculated the maximum mortgage amount based on the contract rate of...
by Geoff | Oct 24, 2016 | Finances, First Time Home Buyers, Getting a Mortgage, Mortgage Broker, Rates
Most of us know that changing your mortgage payment from monthly, or semi monthly, to an accelerated bi-weekly payment instantly reduces your standard 25 year amortization by 2.58 years with today’s rates. (If you didn’t know that, you’re likely not working with the...
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