Down Payment Help Is Here – Stop dreaming, become a home owner faster.

Many Canadians need help with their down payment, even though they are qualified to be homeowners based on good income and credit.

Fill out the down payment loan assistance form, and learn the pros and cons of a Down Payment Loan and all your other home ownership options. Our goal is to help you find your best home ownership strategy.

We Give You The Last Piece Of The Puzzle: Down Payment Help

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Important Annual Percent Rate Info:
We are not a lender. Your down payment lender may be SEPARATE from your mortgage lender, and can help you determine APR for your specific loan. If your down payment loan is from a private lender, it is intended to be repaid within 15 days of purchasing your home, likely using cash-back mortgage funds. If your down payment loan is from a top bank, it will likely be a 2-5 year loan. The APR of loans offered by a top bank may range from 5.5% to 14.5%. The APR on loans from private lenders may range between 40% & 59% (depending on lender and terms), inclusive of any late fees and the initial loan fee.

What Happens if You Can’t Repay

If you do not pay your loan according to the loan terms, your lender may:

Offer to renew, extend or refinance your loans. Renewals may be automatic and may cause you to incur additional fees, charges and interest
Charge you late fees
Send your account to a collection agency
Report your information to a credit bureau, which may negatively affect your credit score

Short-term loans are an expensive form of credit and should be used only for immediate financial needs. Customers with credit difficulties or beacon score under 650 will not qualify for our program, as they will not be qualified for a cash-back mortgage at a top Canadian bank.

We are not a "Payday Loan Company", as the loan is not intended to be repaid by your income, but rather by the cash-back funds from your mortgage. Payday Loan Assoc. info and laws.

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