“LoLo” stands for Lower Lonsdale at a “lolo” price, and it isn’t the smart play on words that makes this payment program so popular. It’s the opportunity it offers home buyers.
Not only can the program save owners up to $12,000 in mortgage payments, but it allows people to own a home in the Lower Lonsdale area for less than renting.
Yes, you read that right: you can own for less than renting!
This is how the program works: The Versatile Building will lower your monthly mortgage payments for the first two years of your term, guaranteeing an effective interest rate of 1.72%. This means that you can purchase a one-bedroom home and pay as little as $943.78 per month or a two bedroom home for only $1,196.55 per month*.
Want to know more? Then, tomorrow is your lucky day!
The Versatile Building Sales Team is hosting a workshop tomorrow, Saturday June 23rd at 11:30am specifically designed to go over the details of their LoLo Payment Program. Other topics covered at the workshop will include what to look for when shopping for your first home. It’s also a great chance to check out their Sales Centre which is closing is just over a week.
If you are interested in attending the workshop, you can call their Sales Team, Victoria or Kurt at 604-924-5595. Space is limited.