As Toronto’s economic, real estate, and lending landscapes have changed through the years, the mortgage industry, including Ontario Mortgage Expert as a proud competitor in it, has kept step with changing attitudes through revolutionary mortgage approaches. With federal lending standards shifting toward more strict practices and requirements, the lack of a saved down payment can seem like a deal-breaker. It never has to be again with our Cash-Back Mortgages.

COMPLETE MORTGAGE FINANCING

True, many Greater Toronto Area lenders will request a 4%-20% down payment before extending a mortgage offer under almost any terms. We at Ontario Mortgage Expert don’t believe that should be the death-stroke to your aspirations of owning a home, especially if you display a history of financial responsibility.

If you can prove two years of an excellent credit history that’s mostly or entirely free of late credit card, loan, or mortgage payments, then you’re already on the right track. We’ll also ask that you provide proof of two yeas’ steady employment in the same field and current employment lasting at least six months. That’s the sort of demonstrated responsibility that could earn you a no-money-down mortgage even if you don’t have the current savings to provide a sizable down payment.

We believe strongly, especially amid often-challenging economic times, in rewarding a commitment to being money-wise. If you’re a Toronto renter that’s ready to make a leap to homeownership but lack the sure footing to start upon, then contact Ontario Mortgage Expert today for a no-cost, no-obligation consultation about how we can meet your commendable credit history halfway with flexible financing.

  • Term
    Our Rate
    Bank Rate
    1Yr Fixed
    2.60%
    3.00%
    2Yr Fixed
    3.45%
    4.12%
    3Yr Fixed
    4.30%
    2.60%
    4Yr Fixed
    2.60%
    5.60%
    5Yr Fixed
    2.60%
    4.66%
    6Yr Fixed
    2.30%
    2.60%
    7Yr Fixed
    3.60%
    3.60%
    Qualify Now