Zero Down Payments on New Home Purchase
Finally, that down payment that is so hard to save up for might not be necessary! That home you have been dreaming of might not be so far off!

A number of lenders have come out with a "zero down payments" mortgage. This is available for people with both good credit and even for those with less than perfect credit.

All the same requirements of a mortgage with a down payment are part of this mortgage, except the down payment! The down payment is simply added to the amount of the mortgage and you make monthly payments on the total amount mortgaged.

FREE Down Payment Mortgage
The Free Down Payment mortgage works slightly different. This mortgage is structured like a Cash Back mortgage (see our section CASHBACK) except that you receive the 5% Cash Back right at your lawyer's office. Rates are usually higher to account for the money you are receiving up front, but, clients such as First Time Buyers will find this rate increase worth their while if it means home ownership months before they would be ready otherwise! 100% Purchase Mortgage

What's 100% purchase financing? Really, it's the exact same thing as a Zero Down Payment or a Free Down Payment Mortgage! Except, we place you with a lender who doesn't insure their mortgages with CMHC or GE Capital, which allows them the flexibility to approve mortgages on purchases or refinances up to 100% of the value of the home.

With Canada Mortgage Corp it's simple; you can now purchase a home, and all you have to do is pay the legal and disbursement costs! Simply fill out an application and let us see if we can get you into that dream home sooner!

To contact a highly trained Mortgage Agent today, call (416) 833 3989, or apply online!