Buy or rent a home?
Is it better to rent a home and accumulate a down payment (5%) or to buy now with a mortgage without a down payment? The answer has always been to buy but now with the new mortgage options with no down payment is really buying. Is it worth it? YES! Here are three scenarios: Scenario 1: Rent and accumulate a down payment of 5%. A buyer, wants to buy a house $ 200 000 as soon as he... Read More
Is it possible to buy a house and consolidate debts at the same time?
In recent months, is a question that several people have requested. And the answer is “yes, but …” There are two scenarios that allow for a debt consolidation by buying a house: You plan to put a downpayment Buying a home “no downpayment” Consolidate with a downpayment The minimum downpayment for the lowest rate is 5% of your purchase. If your down... Read More
The strategy mortgage with no down payment
Buying your first home and home ownership is an important moment of life. I remember buying my first house. I waited a few years before having a good downpayment (25% or more) because I thought it was the only way to have a house. Had I known, I would have bought before. Today there are several façonsd’acheter a home and even without a down payment! Is it worth it? YES!... Read More
What is the minimum downpayment for many situations?
We can not deny that the downpayment is an important part of buying a home. Why? The lender reduces the risk he takes when the down payment is higher. The risk is always balanced with the downpayment and the interest rate [ mortgage security and the importance of the down payment] . The situation is more risky, the higher the down payment required will be large and / or the... Read More
How to get a downpayment? The different strategies!
The downpayment is an important part of your mortgage application. To access the best rates it is necessary to have at least a small down payment. [NOTE: If you do not have a downpayment, and your choice is limited between renting an apartment or buy a property, I invite you to read another article that I wrote about the strategy Buy "No Down funds "] What are ways to get a downpayment? The... Read More