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Hold on to your dreams!

ADVICE Author: Caroline Lennox

Please allow me to offer encouragement for you to hold on to your dreams in the midst of  economic turmoil and holiday spending hangovers.

As an anonymous poet once said:
"Hold fast to dreams.
For if dreams die,
life is a broken-winged bird that can not fly"

Here's an example of how having $25,000 down helps get people in to at home (on approved credit):

 $282,650  purchase price
 -$ 25,000  down pay
+ $   7,624  mortgage insurance premium (eg using 2.95%)
-----------------
$265,275 mortgage

The monthly payment* of principal and interest is only $1448.35!
(before taxes, strata fees etc.) Some conditions may apply.

*Calculated using a 30 year amortization, 3.49% interest rate with the Invis "Maximum Mortgage" calculator 

There are many different sources for down payments available.

These include Free Down Payment lending programs, Flex-Down (borrowed) down payments and Gifts from Family. 

If you would like more information on how to qualify for a mortgage, even with a non-traditional down-payment
--or-- 
if you are thinking of buying in the next 90-120 days

Then it is time to apply for pre-approval and a rate hold.  

Call 800-757-0412 or text 250-415-9555 for a call back for more information.

STAY UP TO DATE:

To receive helpful tips and links online, follow me on any of  FACEBOOK OR TWITTER  OR LINKED IN  and Check out the article "Tips for First Time Buyers " on my website.

 E & OE

Contact Information | Invis - Canada's Mortgage Experts
Name:	Caroline Lennox
Company:	Invis - Canada's Mortgage Experts
City:	Victoria
Province:	British Columbia
Country:	Canada
Phone:	800-757-0412
Email:	Email
Website:	http://www.clmortgages.com