I’ve PurchaseD A Home. I Need A Mortgage! Get Qualifies in Less Than 9 Hours!

Whether You Have 20% Down Or Only 5%, We Can Get You The Lowest Mortgage Rates

Here are the facts:

Providing you have decent credit, you can buy a house in Ontario with as little as 5% down… as long as it’s not an income property. You can buy your primary residence, a second home for a relative, a home for your kids, a cottage, etc… all with as little as 5% down.

Let’s explain how it works:

  • You need 5% on a home valued up to 500K
  • For higher valued homes, you’ll need 10% for the amount over and above 500K.
  • Anything over 1 million, you’ll need 20% down.

For example, if you are purchasing a home for $900,000, you’ll need 5% on the first $500,000 ($25,000), and then 10% of the additional $400,000 ($40,000) for a total of $65,000 down.  Note that buying with less than 20% down will require mortgage default insurance (CMHC).

It’s easy to see if you qualify:

Simplyfillour online application, when we receive it, and then we’ll get back to you within 9 business hours to let you know how much you will qualify for and offer you one of the best mortgage rates around. It’s that simple!