Thanks to Scott Jennings , Mobile Mortgage Specialist at TDCanada Trust

 

“I was on the phone with BC Finance Dept. 30 min ago and would like to share the following eligibility information for the $10,000 First Time Buyer rebate”

1. ONLY FIRST TIME BUYERS can be on Title

2. See Facts sheet from Prov of BC on our website www.Okanaganbc.com

a. Forms are on this site, they say draft however, these are the forms you must use. Draft is only because the gov’t hasn’t figured out if they like this format or not

b. There is also a guide on the application to assist you through the paperwork and process

4. Phone number to call is 1 877 387 3332 if there are any questions

The gov’t has advised that they will begin making pay-outs to clients in the fall of 2012

More importantly, the Finance office stated that this is TAX FREE

 

Buying your first home is an exciting experience and can be the stepping stone to your retirement investment. Your first home can be a small home that you fix up and sell in a couple of years to move into a larger home or you may choose to live in it for several years and when you are ready buy a larger home and rent out the smaller home.  It is a good idea to think of a plan and start to work out the details.  Make an appointment with a mortgage broker and see how much you qualify for in a purchase price of a home, then meet with a Realtor, you are ready to start your home ownership adventure.

If you or someone you know is thinking of buying their first home and collecting the $10,000 please call us for a free list of acceptable properties for this program. 250-979-8066

Andrew Smith 250-979-8066

Living in Kelowna,
Andrew Smith and Jo Ann McLellan
Smith McLellan Group
Royal LePage Kelowna
Info@OkanaganBC.com
To view homes go to www.Okanaganbc.com
250-979-8066 or Toll Free 1-877-330-5884
Follow me on Twitter @smithap01

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