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A first-time home buyer grant (or first home owners grant) is a grant specifically for/targeted at those buying their first home – perhaps a starter home. Like other grants, the first-time buyer does not hold an obligation to repay the grant. In this respect, it differs from a loan and does not incur debt or interest.
The British Columbia Home Owner Mortgage and Equity partnership is a program offered by the Executive Council of British Columbia to first-time homebuyers who have been either citizens or permanent residents of Canada for the last five years and have been residents of British Columbia for at least a year before applying and have never owned a home.
The survey found that 14 percent of homeowners took advantage of down payment assistance or a first-time buyer grant to help pay for the down payment and closing costs on their first home ...
A down payment or first-time homebuyer grant is essentially free money to help you cover your down payment or closing costs. The grants are usually awarded to low- or moderate-income borrowers ...
The agency was founded in 1967 as the BC Housing Management Authority by Municipal Affairs Minister Daniel Campbell. [1] BC Housing is currently under the Ministry of Attorney General and Minister responsible for Housing and located in Burnaby, British Columbia, Canada. They license residential builders, administer owner builder authorizations ...
How to compare lenders as a first-time homebuyer. When comparing mortgage lenders as a first-time buyer, you will want to consider several factors. Loan products may look similar on the surface ...
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