Support for First Time Home Buyer Examples

General Angela Calla 15 Dec

Support for first-time buyers using the B.C. Home Owner Mortgage and Equity Partnership program  Example #1: Home purchase price – $475,000 This first-time buyer has saved $11,875 towards their down payment, or 2.5% of the home’s purchase price. Through the progam, the Province will contribute $11,875, equal to the buyer’s 2.5% down payment. This […]

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Understand How Your Mortgage Is Registered

General Angela Calla 11 Oct

Every mortgage secured by a property will be registered with the land title office.There are two ways your mortgage can be registered on title: Standard charge or collateral charge.  Not long ago, most lenders registered all mortgages as a standard charge.  In recent years, some lenders – mainly the major big banks – have moved […]

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