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Category: Down Payment (2 posts)

BC Home Owner Mortgage and Equity Partnership (BC HOME Partnership)

BC Home Owner Mortgage and Equity Partnership (BC HOME Partnership)

February 1, 2017 | Posted by: Kelleway Mortgage Architects

Depending upon the price of a home (e.g., to maximum of $750,000), eligible first time home buyers in BC could borrow 2.5% to 5% towards their down payment. The 2.5% that the borrowers pay themselves ...

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Bank of Mom & Dad:  What Goes Around, Comes Around!

Bank of Mom & Dad: What Goes Around, Comes Around!

March 21, 2016 | Posted by: Kelleway Mortgage Architects

  We, as mortgage brokers, often see parents helping their home-buying children by offering monetary gifts towards down payments.  A question in the back of my mind is:  What’s t ...

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