Well let me tell you something, YOU can buy a property with the zero down program.
How this program works is that you as the potential buyer will receive 100% financing from the lender. As for the deposit amount, you most provide those funds which is usually around $5,000 dollars. Your deposit, now, get this actually turns into your closing cost amount.
The closing cost, pays for Lawyer fees, CMHC Registration fees, Land Transfer Tax (1st time home buyers receive a Rebate), HST on CMHC Fee and lastly any miscellaneous fees. Click here for more information on CMHC. Furthermore, your credit score should be around 680 and have a steady job.
For more information, contact me at arlene@mydaddyhomes.com
All the best, MyDaddyHomes
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