Financing with 0% deposit
You have an excellent credit rating?
You have had a stable employment for at least a year?
You have 1.5% of the purchase price
If yes, then you are the ideal candidate to make a purchase of a property without a down payment!
- It is the bank that provides you with the 5.5% cash back advance for down payment at the time of the purchase. Since the banks do not provide any gifts, they will recuperate this down payment by applying a slightly higher interest rate over a period of 5 years. The rate will be the 5 year posted rate also know as the Prime rate.
- Bank requires you have in your own savings 1.5% of the purchase price also known as the start-up fee's
Verify the examples:
5.5 % Deposit |
25 years 2.75% |
30 years 2.95% |
Ask me how you can earn an extra .50% cash back for free |
