Don’t Have the 5% Down Payment Saved Up?
With all mortgages, you need to have at least a 5% down payment. We have mortgages available so you can borrow the down payment from a line of credit or loan and still get the best rates available. We can even help you set up the line of credit.
This is a great way to take advantage of the low interest rates and housing prices without having to wait and save up the down payment. The minimal amount of interest you would pay on the borrowed down payment, compared to the potential difference in higher interest rates and housing prices in future, means you are way further ahead by buying now.
Let the Collin Bruce Mortgage team provide you with your no down payment mortgage now!