Zero-down may not be for everyone, but can be a financial breakthrough for the right candidate
The timing might be spot-on for some prospective Canadian homebuyers to consider a zero-down mortgage. With mortgage rates at historic lows, purchasing your home and saving on rent might be the right financial decision for you.
A zero-down mortgage is not for everyone, but if you have stable income, good credit and the ability to comfortably handle your monthly mortgage payment and ongoing housing expenses, a well-designed zero-down plan can be a tremendous financial boost. Zero-down can be a way of getting Canadians into their homes faster, saving potentially thousands in rent, and giving homebuyers a jump start on their wealth building.
A "cash-back" mortgage that provides the cash upfront is one zero down option to consider. Another is to secure the downpayment through a loan or unsecured line of credit. We can review your situation and outline all of the details that you should be aware of for each option so you can make an informed decision.
If you want to explore how you can purchase now without waiting, this is a great time to get advice. Let's talk!