Can I Get A Mortgage With No Downpayment?

Can I Get A Mortgage With No Downpayment?

The simple answer to this question is no. In order to secure mortgage financing in Canada you have to come up with at least a 5% downpayment. Now, if you haven’t set aside the 5% for a downpayment in your savings account, that is okay. There are still a few ways...

Buying a Home for Immediate Family

Buying a home for immediate family with less than 20% downpayment can be a challenge. However Genworth; a Canadian mortgage default insurance provider, has a program that benefits those families who haven’t been able to save a full down payment on their second...

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