12/6/2023 0 Comments Pathway funeral home obituariesTo learn more about the current offering from HomePlan, visit for more details or to contact a representative. With many Victoria residents searching for a pathway to make the move from renter to homeowner, HomePlan is an attractive new option. Because the mortgage is held by North America Home Finance, there is no CMHC penalty for having a down payment of less than 20 per cent. HomePlan begins with a seven-year option term before the HomePlan purchaser would need to obtain a mortgage and complete on the purchase, however, most buyers aim to have enough equity saved to purchase the home by the end of year five or six. Deposits will be credited towards the future purchase of the home, and a Right to Purchase option gives future home buyers a registered interest on title, meaning their financial interests are legally protected. Most rent-to-own programs are designed to favour landlords, but HomePlan helps prospective homeowners with a structure that begins with a one per cent deposit on the current market value of the home. Learn more about the current offering from HomePlan at /saanich-ridge. It is with great sadness that we announce the death of Marion Ollmann in Moberly, Missouri, born in Macon, Missouri, who passed away on February 9, 2022, at the age of 61, leaving to mourn family and friends. The funeral was held in Sugar Grove church and the body laid to rest in the Sugar Grove cemetery. HomePlan takes on these challenges with an innovative new approach to the rent-to-own structure, created to allow first-time buyers to live in their home while saving money to actively build equity and demonstrate their ability to carry monthly costs. With the current price of Victoria area housing, a 10 to 20 per cent downpayment is out of reach for many would-be homebuyers, and rising inflation, interest rates, and cost of living increases make passing stress test lending criteria additionally challenging. These single-family homes feature three-bedrooms and den, three bathrooms, fully fenced back yards and single-car garages, in addition to a separate one-bedroom suite that’s suitable for generating rental income. ![]() With a one per cent down payment purchase program, HomePlan is currently offering a selection of homes in Saanich. North America Home Finance has recently launched their HomePlan program offering first-time homebuyers a greater opportunity become real estate owners. ![]() A new program is working to break down the barriers to homeownership for those looking to purchase homes in the Greater Victoria area.
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