BC Gov't Announces New Program
Today, the BC Government announced a new program designed to assist and support first-time homebuyers in the province.
The BC Home Owner Mortgage and Equity (HOME Partnership Program) is helping first-time homebuyers by contributing to the amount they have already saved for a down payment with a loan that is interest-free and payment-free for the first five years.
Today's announcement is extremely important given the recent changes that the federal government has made to mortgage insurance and eligibility, which will disproportionally impact first-time homebuyers.
The HOME Partnership Program signifies that the government of British Columbia understands the importance that first-time homebuyers play in the marketplace and the positive impact they have on the economy.
For more information on the Program -
http://www2.gov.bc.ca/gov/content/home/featured-services/services/bc-home-owner-mortgage-and-equity-partnership-program
The BC Home Owner Mortgage and Equity (HOME Partnership Program) is helping first-time homebuyers by contributing to the amount they have already saved for a down payment with a loan that is interest-free and payment-free for the first five years.
Today's announcement is extremely important given the recent changes that the federal government has made to mortgage insurance and eligibility, which will disproportionally impact first-time homebuyers.
The HOME Partnership Program signifies that the government of British Columbia understands the importance that first-time homebuyers play in the marketplace and the positive impact they have on the economy.
For more information on the Program -
http://www2.gov.bc.ca/gov/content/home/featured-services/services/bc-home-owner-mortgage-and-equity-partnership-program
