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In this weeks Video Tip of the Week, Krista Gill interviews Mortgage Broker, Brian Mill from Dominion Lending Centres about whether or not you can get 0% Down Financing.
Brian Mill, B.A., CFP AMP
Mortgage Agent
Cell: (519) 379-3003
Toll Free: 1 (888) 371-6177
brianmill@ndlc.ca
www.brianmill.ca
No money down can certainly be a foot in the door for first-time homebuyers. As Brian has pointed out though, it comes with a 'cost' in the form of the interest rate. As always, we encourage our buyers to ask lots of questions from professionals, and come to workable solutions they can live with. Thanks Krista!
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Great video Krista. I have many clients here in Orangeville ask if they can still buy with 0 downpayment. I will be able to tell them the criteria they must meet to be able to qualify and exactly how the 0 down works. Thanks!