Trying to save up a down payment to purchase a home? No need. The Flex Down mortgage allows you to borrow the down payment and closing costs?
- You can borrow the down payment and closing costs to purchase a home.
- The mortgage lender will have to include the monthly cost for the borrowed funds as a liability in the debt section. If your income covers both the debt for borrowed funds and the mortgage it is fine.
- A minimum credit/beacon score of 680 is requited which is average to good.
- Regular mortgage products and discount rates apply.
- An immediate family member can also loan/gift you the money. If it is a gift then we do not have to include the costs as a liability.
Please do not hesitate to call or email with any questions on the product or process.
Residential and Commercial Mortgage Agent
SAFEBRIDGE Financial Group
Broker License #10524
Direct Line | 416-899-1467
Fax | 1866 385-4049
E-mail | firstname.lastname@example.org