Yes, there is Still a way You Can Buy a Home With  NO DOWN PAYMENT and it does not have a catch!

THIS PROGRAM WITH 5.0% CASHBACK

So here is how it works.  There is one bank that I deal with as a Mortgage Broker that will give 5% of the mortgaged amount of your purchase as cash towards your downpayment.  It is all totally upfront and CMHC (the insuring party of the mortgage industry) is fully aware of it.

This is how it works:

• You must have good credit (650 or higher beacon score)
• There is a mortgage insurance premium of 2.90% Plus .20 for every 5 years that you amortize over 25.  So a maximum of 3.10%. (This cost is rolled into the Mortgage, so you do not have to pay it out up front.)
• You will be given 5% of the borrowed amount, so if you buy for say $400,000.00 your mortgage amount would be $380,000.00 (plus insurance fees), so you would receive $19,000.00.  So you have to come up with just $1000. towards your down payment. 

This is just a rough outline of the program, if you would like further information please feel free to call me or email me directly and we can access your situation and see if the plan can work for you. (Just Click the contact me button on the top right hand side of the page.)

Just so you know, you can buy almost any type of house with this program. New or existing houses, condos, townhouses, duplexes. You can use this program for rental properties too, but you must have at least the 15% downpayment and this program can make up the difference.

 Hurry up and call while rates are still great!!