Take your first step on the path to financial wellness.
Looking to find out what kind of mortgage you qualify for or how much you can realistically afford on the purchase of your new home? Fill in our easy application form and one of our agents will contact you to discuss the best mortgage option to put you on the path to financial wellness.
Chapter 4 – Planning Your Move
Are you seeing your commute times increase year over year or your kids growing up too fast? Why not buy yourself a pied-a-terre, a home for the work week that cuts down on your drive time? Or why not invest in a home for your kids while they are attending post-secondary school, giving you some piece of mind and a potential long-term investment property?
Believe it or not, you can purchase a “second home” with as little as 5% down for either option.
The key to this type of financing is simple:
To qualify you must purchase a single, detached unit home and sign an affidavit indicating occupancy by a direct family member with no rental income being collected. This is also a great option for purchasing a home for your elderly parents.
Of course you must qualify for carrying both properties along with any other debt obligations that you may have.