Mortgage Options With Little or No Down Payment - The Mortgage Guy Niagara
Channel: Steve Dainard - Mortgage Broker Niagara
Date: 02/04/2020

What Are My Mortgage Options With Little or No Down Payment?

So for people with little to no down payment, there is one major option.

That option is that you can get what's known as a flux down mortgage on a flex down of product actually allows you to borrow the down payment from another source, like a secure line of credit, unsecured line of credit or a credit card.

The challenge is original really good credit, and you also need a level of income to be able to support the additional loan that you're really accessing for your down payment.

The other option would be gifted down payment.

So if you have a family member who's willing to give you the minimum down payment required to purchase a home, that could be another option for somebody who has little to no down payment.

Welcome my name is Steve Dainard also know as The Mortgage Guy Niagara. 

My Niagara Mortgage Team Works For You, Not the Big Banks
We live around the St. Catharines, Niagara Falls, Welland, Fonthill, Stoney Creek, Grimsby, area but can serve anyone in Ontario thanks to online mortgages.

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We look forward to hearing from you! 

Thank you, Steve Dainard - The Mortgage Guy Niagara
Mortgage Architects #12728
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