Principal Pay Down Unlike your rent payment, mortgage payments include a principal component that otherwise brings your total monthly mortgage balance…
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What is a Pre-approval?
A true pre-approval is not one that is done on an online pre-approval app or calculator. These options though are…
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Can I Get a Mortgage on Bare Land?
Yes Typically, a 25 – 50% down payment is required There are options at 25% down payment with plans to build
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What is Bridge Financing?
Bridge financing is a short term, temporary loan that is designed to help homeowners like you, “bridge” the gap between…
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What Are Common Closing Costs On A Purchase?
Land Transfer Tax In the province of BC, when ownership transfer title, buyers are faced with a land transfer tax –…
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How to Avoid Paying Property Transfer Tax?
There are generally TWO ways to avoid paying Property Transfer Tax in B.C. As a first-time home buyer, purchasing a resale…
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What is the Easiest Way to Get into A Detached Home?
HOUSE HACKING! This strategy refers to living in one part of the home while renting out the rest of the space.…
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What are My Typical Homeownership Costs?
Common home ownership costs include: Mortgage Payment Property Taxes Home Insurance Strata Fees (If applicable) Utilities – Heat, Water, Gas Internet & Cable