One of the reasons people are unable to get a home mortgage is the hefty down payment requirements imposed by financial institutions, even before the approval. But what if you had to pay zero down payment to get approved?*
How Mortgages Work with No Down payment
Down payments generally benefit both the lender and borrower. As a lender, you have a guarantee that the borrower is invested in the purchase they are about to make and ready to move into home ownership. For a borrower, it allows them to realize that home ownership requires budgeting and saving.
Even if you can scrape together this money, banks and other such financial institutions require a lengthy verification process of your down payment, with proof of it being in a bank for 90 days or verification of where it’s coming from.
This is a waste of time, effort, and money, and you will be left waiting for weeks with no results.
If this is the case, Freedom Capital is here to help. We can provide you with zero down payment for a Mortgage in Canada, with a seamless qualification process.
Freedom Capital’s Zero Downpayment Mortgages
At Freedom Capital, we take pride in helping borrowers outside the conventional lending box. At Freedom Capital, we specialize in commercial, construction, and private financing options. We provide the best alternative lending route to your unique financing needs.
Yes, at Freedom Capital, we provide zero down on new transactions. How are we able to accomplish this? Actually, it’s fairly simple. If you have equity in another property, we can use it to provide up to 100 percent financing on your new purchase.
And the advantages of that are huge. Unlike banks we don’t need lengthy verifications and make it simple; zero down payment. If you have assets, we can leverage them and provide you with up to 100 percent financing on a new purchase or an investment loan, allowing you to tap into your equity and make money.