buying first home: Vancouver Real Estate: Buying Your First Home
- 12/17/08 02:21 PM
Vancouver Real Estate: Buying Your First Home Buying your first home in metro Vancouver is not difficult if you have the income to qualify for financing. If you make around $56,000 a year gross income, you can be qualified for a loan around $255,000 at 5.25% interest rate, 30 years amortization. At today's low rates around 4.5% and stretching you loan to 35 years, you can get a loan up near to $300,000. You can buy with as little as 5% down payment, or if your parents are able to help out, they can provide the 20% down payment you need. (0 comments)