Kelowna Broker

  

Don’t have the required 5% down payment?

No worries — Increase your leverage with a high ratio mortgage! This consumer-oriented program makes the dream of home ownership a reality for more Canadians than ever before. Even with zero down payment.  What is it?  “0″ Down:

• Free-Down Payment: Some of the lenders in the Invis network have programs which are referred to as “Free-Down-Payment” Programs. In these scenarios, the rate is higher than the discounted rate, and is closer to – if not the actual – posted rate. The lender essentially provides you with a cashback of 5% which is the downpayment. The higher rate of interest paid over the mortgage term compensates for the downpayment covered by the lender.

What else should you know?  In general, the credit status of an applicant must meet the lending criteria of the particular mortgage lender.   Mark Clifton, a Kelowna Mortgage Broker with Invis, can help you meet the required criteria and assist you with the entire mortgage process.  Plus we deal with many lenders and therefore have a greater chance of matching you with a lender.

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“Mortgage Broker Kelowna”