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.
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James Wong

Richmond Mortgage Broker

Vancouver, BC

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The Mortgage Group - Vancouver/Richmond

Address: 105 1385 W. 8th Avenue, Vancouver, BC, V6H 3V9

Office: (604) 876-1312

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Vancouver mortgage blog, mortgage news, home financing, second mortgage and private mortgages.


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