Grande Prairie Zero Down Payment Mortgages. 

 

Rent on a Grande Prairie home is so high that it can be hard to save up a down payment on a home of your own. As a Grande Prairie mortgage broker, I understand what you’re paying relative to a mortgage payment. I also understand the options available to you so you can afford a Grande Prairie home of your own. We work with several mortgage lenders that allow you to borrow your down payment while getting the best interest rate. Contact Whalen Mortgages Grande Prairie, your Grande Prairie mortgage brokers, to learn the options available to you.

You can afford a new home with a mortgage payment equal to your current rent. We can help you buy a home with a loan or unsecured line of credit for your down payment and get you approved for a mortgage. In five years, you’d have built up tens of thousands of dollars of equity. And you’ll be on your way to owning your home free and clear. 

By working with a Grande Prairie mortgage broker, we’ll guide you through the process of applying for loans with various mortgage lenders and comparing the offers you receive. You could get a better deal with one of our non-bank partners over what you’d pay with one of the big banks.

We believe in transparency. We give our clients all of the details about every offer on the table. We know that informed decisions are the best decisions, and when it comes to mortgages, you can’t afford to make a mistake. We help you decide which options are right for you.

Grande Prairie mortgages don’t need to be complicated, and the process is easier when there is an expert like Whalen mortgages by your side. We do what is best for our clients, whereas big banks may push you toward the product they’re promoting this week. We want you to pay the lowest interest rate and closing costs.

We have a great relationship with our lenders. We don’t just offer the best rates. We’re able to cut through the red tape and get you pre-approved for a home loan in as little as twenty minutes. You could be approved on your actual offer by the lender and insurer as quickly as one day.

Whalen Mortgages are your Grande Prairie mortgage broker experts. We’ll work with everyone, regardless of your situation. Whether you have no credit, bad credit or want to find out if your bank is truly offering you the best terms, talk to us.

If you can’t afford to put down a down payment, we could help you secure a mortgage with the same low interest rates as if you had a mortgage payment while helping you borrow a down payment. The down payment could come from credit cards, your existing home equity or a personal loan or unsecured line of credit. This will lower how much house you could afford, but you will be able to get out of your apartment and into a new home. We can explain how to qualify and how it impacts the loan terms, such as the insurance premium that would be added to the mortgage. Call Jodi Whalen today at 780-357-3993 to discuss no down payment and 100% financing.

There are still a limited number of options available for borrowers without a down payment. this would include a mortgage product that allows you to get a loan or use your own unsecured line of credit for down payment. Mortgage default insures offers this approval with as little as five percent borrowed from your line of credit for your down payment. The best part is you do not pay more for this product your mortgage interest rate remains the same as if you saved your own down payment. You pay a small amount more to CMHC to access this program but not to the banks or lenders that support this program. Call our team at Whalen Mortgages Grande Prairie to get your mortgage application started. We are your top mortgage brokers in Grande Prairie. 780-357-3993 or apply online now!

I look forward to speaking with you and helping you with your next home purchase!