This is Why I Love Being a Mortgage Broker!
  
I had the privilege of helping my friends; mother and sister purchase their first family home. I always feel so grateful when I am personally recommended to help a persons family with their mortgage financing needs.
These clients made my day when they sent me this picture of them entering their home for the first time and I had to s wanted to share what they wrote with you:
"We are so thank that words can't even explain. Not enough words in the
dictionary to explain to you our gratitude. Mom cried of happiness.
We want to hug you.
Thank you a million.
Alin and Silva."
*Hugs back! I loved working with you and I am so happy to help!*
Reno vs Building New - Vancouver Property
This was an interesting article that came out in the begining of March which was written by The Vancouver Sun. Video is also included on this link:
Vancouver Sun Article
There are 3 types of financing that you have to deal with when it comes to a new build.
1. Purchasing the Property
2. Financing Contstruction Costs
3. Financing the End Product (Do you want to keep it or sell it).
There are many different ways to go about this. Each situation is different and a plan has to be created for each.
First Time Home Buyers' Tax Credit Eligibility
I have had a ton of questions about this in recent weeks, so here is the 4-1-1 on the First Time Home Buyers' Tax Credit.
Did you buy a new home in 2015?
You can claim an amount of $5,000 for the purchase of a qualifying home acquired in 2015, if both of the following apply:
- you or your spouse or common-law partner acquired a qualifying home; and
- you did not live in another home owned by you or your spouse or common-law partner in the year of acquisition or in any of the four preceding years (first-time home buyer).
Not sure if you're eligible? Check out the video here:
http://www.cra-arc.gc.ca/vdgllry/ndvdls/menu-eng.html?clp=ndvdls/hmbyrs-eng&fmt=mp4
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