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100% Financing Is Available
You don't have to be a first-time home buyer to get 100% financing. Many people qualify for no down payment mortgages which are now available at best rates.
The Average Rental Payment Is Equal To A Mortgage Payment
With today's interest rates, each $1,000 of mortgage is equal to approximately $5.80 per month. For a mortgage of $150,000 that's approximating $870(PI).
Prior Credit Challenge May Not Be The Problem You Think They Are
Sometimes bad things happen to good people. Lenders recognize this and take it into consideration when offering financing. You won't know what you qualify for until you ask.
You Too Could Be A Landlord
There are several homes with legal apartments. Those tenants could help you qualify and pay for your mortgage.
Home Improvements Can Be Added To Your Mortgage
If you find a home in the area you want to live, but it needs work, your renovations may be added to your mortgage.
There Are Programs For Self Employed
Mortgage lending his evolved and lenders recognize self employed persons have tax advantages, which reduce their taxable income. With as little as 5% down - You could purchase the home of your dreams.
RRSP'S Can Be Used With No Tax Consequence
If you are a first time home buyer and have RRSP's, you can withdraw up to $20,000 to use towards your purchase, without paying income taxes. That's right Revenue Canada wants to support home ownership and they have a program to make it easier for first time buyers.
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