Home Equity Line of Credit
Posted on Apr 15, 2024 in Mortgages & Financing
A Home Equity Line of Credit (HELOC) in British Columbia, as in other jurisdictions, is a form of revolving credit that allows homeowners to borrow against the equity they've built up in their homes. It's a flexible financial tool that provides access to funds for various purposes, such as home renovations, debt consolidation, education expenses, o...
Types of Mortgages -Canada
Posted on Apr 15, 2024 in Mortgages & Financing
- Fixed-Rate Mortgage:
- With a fixed-rate mortgage, the interest rate remains constant throughout t...
BC Land Title Charges Explained
Posted on Apr 15, 2024 in Real Estate Information
In British Columbia, land title charges refer to various legal interests, encumbrances, or rights associated with a property that are registered on the land title. These charges can affect the ownership, use, and transferability of the property. Here are some common types of title charges that may appear on a land title in BC:
- Mortgages: is a form o...
Advantages & Disadvantage of Cooperative Ownership (Co-ops) in BC
Posted on Apr 15, 2024 in Co-ops Housing Facts
Cooperative housing in British Columbia offers several advantages and disadvantages, which are important for prospective residents to consider before deciding whether it's the right housing option for them.
Advantages of Cooperative Housing in BC:
- Affordability:
- Cooperative housing often provides more affordable housing options compared to traditional...
What is an Assignment Sale in BC Real Estate
Posted on Apr 15, 2024 in Real Estate Information
An assignment sale occurs when the original buyer of a property (often a pre-construction unit such as a condo or a townhouse) sells their interest in that property to another buyer before the original closing date with the developer. In real estate terms, this "interest" is the contract or right to purchase the property upon its completion. The or...
BC Home Buyer Rescission Period
Posted on Apr 15, 2024 in Buyers Info & Facts
