Pay home with rent money
Buying a property with the same money as your rent
If you plan to live in your future property, it is possible for you to purchase your property with the same money as your rent. On top of that, some financial institutions offer cash back of 5% downpayment use when you sign a mortgage with them.
To do this, however, you must:
- Have stable job (normally at least 1 year in the same place or many years in the same field).
- Have a good credit history.
- Have access your own resources (approximately 1.5% of the purchase price) to cover your legal fees, transfer tax etc..
- You qualify under the standard rate debt program.
You can also benefit from certain government programs up to 10% downpayment. In fact, you only have to pay $1000 as a down payment and SHDM will advance the 10% down payment required to purchase a condo projects condos access.
Our agency Sutton-Clodem has partnered with several financial institutions, including 4 major institutions who have an office within our building. Our mortgage broker partners can even visit you (home or office), at your convenience, 7 days/week and process your requests within 24 to 48 hours and with the best rates on the market. So you can enjoy free professional services and advice customized to your financial profile.
You can contact us at 514-919-4307 (or answer the questions bellow) and we will contact you within 24 hours: