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Valuable Buyers Information
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Zero Down Financing |
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- Mortgage insurance for 100% mortgages are now available to both first-time and repeat home buyers.
- Buyers using the program may consume up to 32% of their gross family income for payments of principle, interest, property taxes and heating, but their total debt load ratio cannot exceed 40% of their family income.
- Insurance premiums on loans above 95% of the lending value of the property will be 3.4% of the mortgage loan... however, this premium can be added to the mortgage.
- Price restrictions include a $300,000 ceiling on homes purchased in the Greater Vancouver area.
- The maximum amortization period is 25 years.
- Borrowers are required to demonstrate as the time of the application their ability to cover closing costs equal to at least 1.5% of the purchase price.
- Where the minimum equity requirement is being met by way of a financial gift, the funds must be in possession of the borrower 15 days before making an offer to purchase.
To find out how, contact Leon today!
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This site was designed as a consumer service to help Buyers and Sellers make informed real estate decisions. Ever year we see consumers struggle with the same questions and problems over and over again. We know that it is often difficult to get relevant information when you are looking to buy and sell a home. In order to better educate and inform buyers and sellers, we have provided comprehensive information as a FREE No-Obligation Service. Many buyers and sellers who visit this site are so impressed with this service that they will contact us (or one of our sponsors) in order to assist them in the purchase or sale of their home. We truly hope that you find these reports, information, tools and resources helpful and we look forward to helping you with your move.
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So... now what's stopping you? Home Ownership, it's easy! |
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leonsellshomes.com
Sutton Group Seafair Realty 550-9100 Blundell Rd. Richmond B.C. V6Y1K3. Satellite Offices In:Tsawwassen and Richmond Centre Mall Direct Line: (604)377-1240
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