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Monday 12 December 2011

PTT: Pay Down Mortgage After PTT Waived?

IN THE FIRST YEAR AFTER PTT (Property Transfer Tax) GOT WAIVED:

1/   Mortgage principal can only be paid down up to the maximun of $11,000.

2/  Mortgage principal cannot be reduced to below 70%.

(Paul is burning, not burning out, with enthusiasm.)

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I am a realtor specializing in the residential properties in the Greater Vancouver, British Columbia. I have been awarded with 15 years top achievement Medallion Award by the Greater Vancouver Real Estate Board.