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Down Payment Options
ADVICE Author: Carol Dorn, AMP
Do you know there are many down payment options when buying a home?
If you are a first-time buyer, you have the option of using your RRSP investments for your down payment. Up to $25,000 per person or $50,000 per couple is permitted.
Opther options for all buyers include: Gifted from an immediate family member, Borrowed from a Loan or Line of Credit, or a Lender Cash Back.
With a Lender Cash Back, you pay a slightly higher interest rate and receive up to 5% of your purchase price upon closing which can be used for your down payment.
For more information or assistance with a purchase plan, call Carol Dorn, AMP - The Mortgage Mama today.
Contact Information | The Mortgage Centre Express Mortgage Services |
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| Name: |
Carol Dorn, AMP
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| Company: | The Mortgage Centre Express Mortgage Services |
| City: | Kelowna |
| Province: | British Columbia |
| Country: | Canada |
| Phone: | 250-808-5521 |
| Email: | |
| Website: | http://www.mortgagemama.ca/ |
