| Recent Blog Posts by Szabolcs Pall | ||
Want 0% down?
Did you know that there are some lenders that are still able to offer 0% down financing? If you can come up with at least 5% (gifted, borrowed or put on credit), you get that money back at closing in the form of cash back. The cost to you is a small increase in interest rates, as you forgo the security of having the lowest rate, for the ability to get into a house before you save up ...
Posted by Szabolcs Pall
on July 6, 2010
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How to buy a home with 0% downDid you know that you can still get financing for up to 100% of your home? There is no getting around the 5% down payment required by CMHC, but some lenders will give you the 5% down payment if you are willing to take on a higher interest rate.
Don't forget though, that for non-owner occupied or investment properties, you now need a 20% down payment as part of the new mortgage rule ...
Posted by Szabolcs Pall
on March 2, 2010
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U.S. Market our market?I've been getting a lot of questions about the state of our housing market, and the potential ripple-effect coming from south of our border. There are some frightening things happening there (consider the recent $700B bailout proposal of the financial sector), that we are insulated against, as a result of tighter lending practices and more control over the sub-prime market. While close ...
Posted by Szabolcs Pall
on September 27, 2008
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