2719 FIR Drive, South Slocan : http://www.remax.

ca/bc/south-slocan-real-estate/na-2719-fir-drive-nawp_id122921027-lst/
MLS# 2407933
CMHC: CMHC stands for Canada Mortgage and Housing Corporation. To assist first-time
home buyers with the costs associated with the purchase of a home, the Government of Canada
introduced a FTHB Tax Credit in 2009 a $5,000 non-refundable income tax credit amount on a
qualifying home acquired after January 27, 2009. For an eligible individual, the credit will provide up
to $750 in federal tax relief starting in 2009. - http://www.cmhc-schl.gc.ca/en/co/buho/buho_008.cfm
The minimum down payment varies. Single-family and two-unit dwellings (5% minimum
down payment) and Three- or four-unit dwellings (10% minimum down payment) - http://www.cmhcschl.gc.ca/en/co/moloin/moloin_003.cfm
Closed mortgages are better for long term loans. The interest rates are generally lower than open term
mortgages, and closed mortgages allow you to pay of your mortgage faster.
Open term mortgages have higher interest rates than closed mortgages, and allow you to pay f your
mortgage in a shorter period of time. Although you can pay of a closed mortgage faster, the terms for
open mortgages are shorter.
5.85%, 6.09%, 6.70%, 6.35%,
Payments: 5 year closed : $1,624/month
7 year closed : $1,421/month
10 year closed : $1,839/month