 Are
You Ready For This?????
The RBC No Down Payment Mortgage option provides for up to 100 per cent
Loan-To-Value (LTV) financing.
That's right!
This even eliminates the previous 5 % cash back option that was
established when the program was first introduced.
The RBC No Down Payment Mortgage option benefits clients of mine who
want to get into home ownership and build up equity, but who have not yet
accumulated a down payment.
I go through a very thorough goals-based discussion to make sure that
this is the right option for you.
 T
here are many benefits to the No Down Payment Mortgage. For
example, under this type of mortgage you have a much wider selection of
terms, including variable, fixed, RateCapper, and open/closed/convertible.
You have a selection of all interest terms, the ability to have rate
discounts, an option for extended rate commitment periods, and the
availability of longer amortization periods of up to 40 years!
You heard me...you can now amortize your mortgage for up to 40
years!!!!!
The RBC No Down Payment Mortgage is just another example of our
commitment to meeting the needs of our clients by making it possible for
more Canadians to own their home. And I can't wait to show you how we can
get you into your own home under this program.
Just answer the following questions for me:
Do you qualify for an RBC No Down Payment Mortgage?
- Is your credit score 680 or higher? To find out your credit score
you can go to www.equifax.com or
call the credit bureau at 1-800-663-9980.
- Are you purchasing a single family dwelling or a duplex?
- Do you qualify without a cosignor?
- Do you have 1.5% of the purchase price in cash or in an RSP to pay
for legal and closing costs?
- Is your credit history free of previous bankruptcy or major
derogatory issues?
- Is the home going to be owner occupied (it cannot be for an
investment property)?
If you qualify for an RBC No Down Payment Mortgage give me a call so
that we can set up an appointment and talk about your options. This may be
the plan that you were looking for in order to finally buy that dream
house you've been longing for. |
