Want to buy real estate but have little or no down payment?

DO NOT let this stop the deal!

There are many options available now for LOW or NO downpayment mortgages. Ask a Dynamic Mortgage Broker about:

5% Downpayment

Both first-time buyers and repeat home buyers may purchase with a minimum 5% down payment. (owner occupied only). 
  

GE Capital & CMHC have just removed the ceiling purchase price for 5% down payment purchases. GE Capital change effective September 8, 2003 and CMHC change effective September 23, 2003

The Home Buyer Plan for First Time Home Buyers ONLY...Invest the minimum 5% downpayment under your RRSP Plan, OR Top up your existing savings under your current RRSP Plan.

This Home Buyer Plan has been approved by CMHC and Genworth Financial (formerly GE Capital).

HOW DOES IT WORK?

Upon approval, funds are invested for 90 days and then released to you for your downpayment AND...

You make an Offer to Purchase with your Realtor Mortgage FInancing approved by Karen Hall for subject removal. You move into your new home and receive a Tax Refund under the Home Buyer Plan

Using your RRSP for a Down Payment:

The guidelines are as follows:

• You cannot have owned your principal residence in the last 5 years

• Each purchaser may withdraw up to $20,000 from their RRSP (i.e. two purchasers may use $20,000 each)

• You must make repayments to your RRSP of equal amounts over the next 15 years

• If the amount is not repaid in a year, that year's amount will be taken into income and taxed

• It is acceptable to repay more than 1/15th of the funds per year

• If less than 1/15th is repaid in one year, the difference is taken into income for that year and taxed

• The home must be intended to be your principal residence

• The funds must be in your RRSP for at least 90 days prior to withdrawl

100% Financing

For those with good credit and steady employment income but simply no downpayment.

We have access to funds available to help you!

Apply online today

"The DYNAMIC Advantage"

Our specialty is customizing YOUR financial needs

• Our Lenders are the Major Banks, Local Credit Unions, Mortgage Companies, Life Insurance Companies, Trust Companies, Financial Institutions, and private investors.

• We offer the LOWEST MORTGAGE RATES 1% to 1.6% OFF bank's posted interest rates.

• Interest rate guaranteed for 90 to 120 days.

• Mortgage Renewals / Transfers at NO COST.

• Lines of Credit

• Refinancing (loans, 1st, 2nd, 3rd mortgages).

• Debt Consolidation

• Commercial Financing

For up to date interest rates,or to have your mortgage questions answered contact: