Smart First Time Buyer

What is a Credit Score

Scott — Wed, 09 Dec 2009 05:15:44 +0000

If you are considering buying a home don’t forget about the importance of your credit score. This video explains what a credit score is and where it comes from.

Smart First Time Home Buyer – Podcast

Scott — Wed, 18 Nov 2009 04:32:45 +0000

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Join Scott Peckford for the only podcast focused exclusively on first time home buyers.

Listen to the latest episode below or subscribe for free to automatically get new episodes sent you.

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The Truth About The HST and a Secret GST Rebate

In this episode of Smart First Time Buyer, I am interviewing Tony Spagnuolo of The Spagnuolo Group of Law Firms on the impact of the HST and a secret GST rebate most people don’t realize exists.

Item’s mentioned in this episode:
Tony Spagnuolo’s website www.bcrealestatelawyers.com
Government of BC’s info on the HST http://www.gov.bc.ca/hst/

Related Posts
Worried about the HST? http://scottpeckford.ca/2009/11/12/worried-about-the-hst/

First Time Buyer – Real Estate Tip – Location

Scott — Wed, 11 Nov 2009 22:48:52 +0000

If you are considering buying a home don’t forget about the importance of location. A busy street is likely to be less desirable and less marketable if you ever need, or want to sell. This video highlights one of the dangers of living on a busy street.

The 3 Types of Down Payment

Scott — Sat, 26 Sep 2009 05:13:22 +0000

Down payments are generally one of the hardest hurdles for first time buyers to clear when getting into a new home. This video will attempt to explain some of the nuances of down payment and how you have more options than you may realize.

This video will answer the following:

What are the 3 sources of down payment that lenders will accept?
Why lenders scrutinize down payments?
What is more important than the type of down payment?

The Low Down, on Down Payment

For more information on the Home Buyers Plan check out the Government of Canada website:

http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/rrsp-reer/hbp-rap/menu-eng.html

If you are planning on withdrawing your RRSP’s you will need to fill out a T1036 form. See link provided:

http://www.cra-arc.gc.ca/E/pbg/tf/t1036/t1036-09e.pdf

Proper Pre-Approval

Scott — Sat, 26 Sep 2009 04:31:44 +0000

The most stressful mistake first time buyers make is not getting ‘properly’ pre-approved. This is probably one of the simplest problems to solve, but you do need to understand how this works.

This video will answer the following

What is the difference between a pre-approval and a rate hold?
The number oneway to tell if your banker or broker is experienced or not?
How you will know if you have a ‘proper’ pre-approval?

Proper Pre-Approval Quiz

Variable vs Fixed – Which Rate is Best

Scott — Wed, 09 Sep 2009 08:11:02 +0000

Mortgages come with several different options. Open or closed, fixed or variable. This video will explain the differences so you can make an informed choice.

The video will answer the following:

What is the difference between fixed and variable rate mortgages?
What is the difference between an open and a closed mortgage?
What do most First Time Buyers choose when getting a mortgage?

Variable vs Fixed Quiz

Property Taxes –The Most Confusing Tax

Scott — Wed, 09 Sep 2009 02:11:51 +0000

Property Taxes are one of the most confusing taxes you have to pay as a first time buyer. This video attempts to demystify property taxes and prevent any surprises from happening to you.

The video will answer the following:

What are property taxes?
What is the best way to pay your property taxes?
How to I avoid being surprised at the lawyers with a property tax bill?

Property Tax Quiz