100% Financing

1- How does Zero Downpayment work?

Some Lenders will finance qualified clients 100% provided they meet a specific criteria. Call me for details.

2- Is Zero downpayment a good option or should I wait until I have a downpayment?

It is by far better to buy a house today with Zero Downpayment than to wait until you can save for a downpayment.

It takes a long time for most people to save 5% or more, by that time prices have gone up about 10% . A $200,000 house today will likely cost $220,000 the following year and the interest rate may not be as low as today's rate.

So the longer you wait, the more you will pay for the house and the rate. As well, if you pay $1,000 on rent every month, you will again waste $12,000 a year.

That's money you could have paid towards your own house.

3- What do I need to qualify?

Every client's situation is unique. There are different ways to get qualified. Sometimes people think they may not qualify when in fact I can still help them.

4- What is the interest rate for Zero downpayment?

Every client's situation is unique and the rates will differ from client to client. Interesting enough, most people don't realize that if you buy a house with Zero downpayment or 5% downpayment, at the end of 5 years you paid out almost the same amount of money.

5- What happens if I can't pay the mortgage? Will I lose the house?

When you rent and fall behind on your payment, you get evicted. It's embarrasing and all the money you paid on rent all those years will have been wasted forever.

When you default on your mortgage, you will have the option to sell your house at a profit ( prices go up about 10% yearly ) and keep what's left over. All the equity you built on the property is money you get to keep.

6- What if I don't have credit?

Call me and I will gladly tell you how I can assist you.

7- Can I buy anything I want and anywhere I want?

You can buy any type of house or condo with Zero Downpayment with me anywhere in Ontario. The maximum price of the property will be determined by the Lender so as to ensure you can comfortably afford it.

8- Is there a "catch" with Zero downpayment?

No, there isn't. It's simple. It's legitimate and the best program that has come out in the last few years. Many people and unfortunately many realtors still are unfamiliar with it. I have helped hundreds of people and will gladly assist you as well.

9- How do I find out if I qualify for Zero downpayment?

Call me at 905-252- 6506, or Toll Free at 1-800-663-8482 and I will let you know promptly.

10- What happens if I don't qualify?

Even if you don't qualify, I will gladly advise you on what to do to qualify in the near future.