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New Concept Mortgage 1998 Inc.
Calgary, Alberta, Canada.

Down Payments

No down payment is required on 100% financing plans.
However, you will have to qualify without the use of guarantors or co-borrowers.

Down payments can come from a variety of sources. Lenders may ask for verification of the down payment funds. For purchases with only a 5% down payment, the buyer will need to show the lender that they have enough cash available to cover the closing costs associated with the purchase of the property. Cash from RSP, Mutual Funds, Stocks or other investments can be used for a down payment.

The mortgage specialists at New Concept Mortgage will explain all the details of down payments.