Despite what you may have heard, zero down mortgages are still available across Canada, and at great rates.
Do you have good credit and a steady income but are having trouble saving enough for a down payment?
Here is how it works:
You must have a clean credit history with no previous bankruptcies and no late payments in the past two years
You must have good job stability (two years in the same line of work is preferred)
Borrowers must intend to live in the property
5% of the purchase price in cash back is given at closing to cover the minimum down payment required by CMHC.
If you have any questions about zero down 5% cash back mortgages, please feel free to contact Scott Dawson by any of the methods below:
Phone: (778) 668-9320