Categories: General Date: October 12, 2011 Title: Free Down Payment MortgageWhile many people may think that you need to save a minimum of 5% down payment before you can purchase a home...
While many people may think that you need to save a minimum of 5% down payment before you can purchase a home, we at MyMortgage.ca would like to remind you that the Free Down Payment product is still available.
The Free Down Payment mortgage option allows you to purchase a home without having to save the 5%, as the lender will provide you with the 5% down payment. The Free Down Payment Mortgage offers a maximum of two borrowers with a minimum Beacon score of 680 a zero down
payment mortgage opportunity for owner occupied properties. Our lenders will advance eligible clients 5% of the property lending value in addition to the mortgage advance.