First Time Home Buyers
F
or most people coming up with a down payment for purchasing is the hardest part of buying a home. We can offers a 5% down mortgage solution for those clients with excellent credit and a stable steady income. We also understand that Self Employed and New Immigrant borrowers contribute largely to this leading group of buyers, that’s why we are helping Self Employed borrowers and Newcomers to Canada realize there homeownership dreams.
We at Mortgage Kings – Your very own local Ontario Mortgage Broker, can help you, so whatever your Mortgage Needs or your situation our Mortgage Brokers and Mortgage Agents, have the skill required to fit you to the right lender, for the right mortgage, based on your down payment amount, income and credit situation. We cater to all, from AAA Rates for AAA Clients with good income and good credit, and even clients who have low income and / or blemished credit, we can help them too, rates will be slightly higher and different, for them according to their situation. Also for a New Purchase, First Mortgage, Down payment WILL be required, based on the location of the property, income and credit situation.
Buying a NEW home, but Bank DENIED you. – NO PROBLEM, We Can Help
5% to 10% Minimum Down – If U have AAA Excellent Credit & AAA Excellent Income
10% to 15% Minimum Down – If U have Fair / Bad Credit , But, have Excellent AAA Income
15% – 20% Minimum Down – WE DON’T care much about, Income or Credit.
So whatever your situation, we have a solution and can get you APPROVED.
(Yes rates will be slightly Different, depending on your situation and property type and location)
| 5% Down Payment Mortgage | 0% Down Payment Mortgage |
| Home Worth $300,000 | Home Worth $300,000 |
| Current Interest Rate 3.09% | Current Interest Rate 4.73% |
| Down Payment $15,000 | Down Payment $0 |
| Payments Based On A 30yr Amort. | Payments Based On A 30yr Amort. |
| $285,000 Mortgage $1,212/Month | $300,000 Mortgage $1,553/Month |
| $285,000 Mortgage $280/Weekly | $300,000 Mortgage $358/Weekly |
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Why Rent When You Can Own For
$1,553/month!!!
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