The BC government announced a program late 2016 that would match a first time buyer’s down payment contribution up to 5% of the home purchase price. No payments are required on the loan for the first 5 years. This program will be discontinued, but applications received by March 31, 2018 will be honoured for 6[…]
Mortgage Amortization – is short or long better? You’ve found your dream home and financing has been approved at a great rate, but how long should you amortize your payments? Amortization is the length of time if takes you to pay off your entire mortgage and affects how much interest you will pay over the life[…]
RRSP (Registered Retirement Savings Plan) season is here! Use the first 60 days of the year to contribute to your RRSP. You have until March 1st, 2017 to reduce your 2016 income and get a higher tax refund. Additionally, you can withdraw tax-free funds from your RRSP for qualifying home purchases. The Home Buyers’ Plan (HBP)[…]