Applications for the B.C. government’s Home Owner Mortgage and Equity Partnership program open today, January 16, 2017. If you’re an eligible first-time home buyer, do you have your documents in order?
The B.C. government’s Home Owner Mortgage and Equity Partnership program, launching January 16, 2017, might seem almost too good to be true. The provincial government will match the down payment for eligible first-time home buyers to a maximum of 5% of the purchase price, up to a $750,000 property. This loan will be interest- and payment-free for the first five years.