You need 20%+ down-payment to buy a home – but there are other options!
Learn about “How to correct the non-standard options for the first time home buyers”.
Lawrence Mak, Real Estate Broker at EXP Realty.
Erick Mayen, Mortgage Agent at Erick Mayen Mortgages
0:41 Increase of the Home Buyers’ Plan (HBP) to $35,000
1:36 First time home buyer’s Incentive Program
2:10 Gifts from family of friends
3:04 Renting out the basement or a duplex
4:24 Renting out of room as a border.
5:16 Lower than a 20% down payment
6:27 Declared Income instead of cash
8:16 Joint Ownership
If you have any questions about Buying a Home or real estate, please call or text Lawrence at (416) 276-4895.
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