ZERO-DOWN MORTGAGES

MORTGAGE BROKER IN CHATHAM, ON

Update: as of June 30, 2015 no lender is allowed to provide cashback for your downpayment. I do however have some lenders still offering flex down products.

How Does It Work?

Flex down is a lender’s allowance to borrow your downpayment from a loan or line of credit. You must still qualify including that payment in your debt ratios. If it is an unsecured line of credit, lenders count 3% of the balance regardless if you are paying principal and interest or just interest only.

I have access to personal loans for clients with great credit if you are unable to obtain one.

Another product to consider if you are a first time homebuyer is an RRSP loan. You have the tax benefits the first year and the loan would be easier to obtain.

Did you recently call your bank to payout your mortgage and were shocked to discover a massive prepayment penalty?

I can help!

Visit the above site to see how the folks at Payless Penalty can help. They split your penalty savings with you!

The Mortgage Centre Hometown Financial serves clients across CHATHAM, SARNIA, DRESDEN, BLENHEIM, TILBURY, RIDGETOWN, GLENCOE, and the surrounding areas.

CONTACT THE MORTGAGE CENTRE HOMETOWN FINANCIAL IN CHATHAM, ONTARIO