www.notapennydown.com Mark Fidgett, a mortgage broker in Vancouver Canada, explains the the difference betwenn amortization and term
Duration : 0:2:38
Amortization vs Term Explained by Vancouver Mortgage Broker Mark Fidgett
Posted by admin | Under zero down mortgage Friday Jul 30, 2010Cash back for free down mortgages are Boiler Makers of mortgages
Posted by admin | Under zero down mortgage Thursday Jul 22, 2010
Cash back or Free Down are the Boiler Makers of Mortgages by Phil “the Mortgage Professor” 403-630-7952
Duration : 0:5:42
Mortgage Process Saves client $2,358 per month Explained by Vancouver Mortgage Broker
Posted by admin | Under zero down mortgage Monday Jul 19, 2010
www.notapennydown.com Mark Fidgett, a mortgage broker in Vancouver Canada, explains how he just saved his client $2,358 per month. Why pay the bank more than you have to?
Duration : 0:4:7
Tim & Vicki’s zero down explained by Vancouver Mortgage Broker Mark Fidgett
Posted by admin | Under zero down mortgage Tuesday Jul 13, 2010
www.notapennydown.com Mark Fidgett, a mortgage broker in Vancouver Canada, explains the buying process with ZERO DOWN
Duration : 0:3:29
Mortgage Process Explained by Vancouver Mortgage Broker
Posted by admin | Under zero down mortgage Saturday Jun 19, 2010
www.notapennydown.com Mark Fidgett, a mortgage broker in Vancouver Canada, explains the most important part of the mortgage process
Duration : 0:1:53
Are Interest Rates Going up with mortgage broker Mark Fidgett in Vancouver BC
Posted by admin | Under zero down mortgage Monday Jun 14, 2010
http://www.notapennydown.com Mark Fidgett, a mortgage broker in Vancouver Canada, How to by Google
Duration : 0:0:30
BC Mortgage Property Tax Deferment Program Explained by Vancouver Mortgage Broker Mark Fidgett
Posted by admin | Under zero down mortgage Tuesday Jun 8, 2010
www.notapennydown.com Mark Fidgett, a mortgage broker in Vancouver Canada, explains The British Columbia Property Tax Deferment Program
Duration : 0:2:59
Can I Still Buy with Zero Down Payment?
Posted by admin | Under zero down mortgage Monday May 31, 2010
http://LeahCoss.ca
Hi everyone. How are you? It’s Leah Coss with the mortgage center and I still get asked, “Is there such thing as zero down when I want to buy a home?” Quick answer is no. Its government mandate you must put a minimal of 5% down unless it’s a rental property in which case you need to put 20% down. And then there is internal policies that if you are going to use a stated income program where you’re self employed, you must put 10% down.
OK. Those are cut and dry rules, there’s not real way around that. The only time that we can say its like zero down is with these cash back options. And there are few of the banks offering cash back. Now how does that work?
Well basically what they’re going to do is they’re going to give you 3% or 5% back of the price which is basically through allowing you to use that cash back as a down payment. Now of course, they’re not just going to give you money otherwise everyone would take this program regardless of whether they needed the 5% down or not.
What they do to compensate for that money that they are giving to you up front is they charge you a higher rate. Then this is where you really need to have your broker go through the numbers with you, because it’s not always a great situation. In some cases it will be like now can you just eat Kraft dinner for the next few months and save up these extra few thousand dollars to do the full 5% yourself.
Because unless there’s a promotion, which sometimes they are, they’re great promotions where there’s a lower percentage point for like 3% cash back. Then I wouldn’t recommend doing it because the amount that they’re charging you is so substantially higher, you just end up getting screwed for the rest of the term of the mortgage. So make sure that you go through all the numbers.
The quick answer to the question is no there’s is no such thing as zero down, but the banks will give you the 5% if you want as a cash back that you can use as the down payment, which they will accept.
It’s obviously difficult to qualify for that because they still want to make sure that you are capable of saving money and paying the loan back. But it is an option.
So if you have questions about that feel welcome to give me a call. Otherwise, I guess I will be talking to you soon.
http://LeahCoss.ca
Duration : 0:2:33
Episode 12: Zero Down Mortgages
Posted by admin | Under zero down mortgage Saturday May 29, 2010
Visit http://MortgageStuff.tv to comment on this video. Zero down mortgages are still alive and well in Canada in the form of a cashback incentive. 95% + 5% still equals 100% in our books. Watch this short video for more detail. Comment below with any questions or concerns.
Duration : 0:2:16
Rocky Hardie’s Surprising Discovery
Posted by admin | Under zero down mortgage Tuesday Apr 13, 2010
With all the doom & gloom in the housing/financial news, most people believe that it’s impossible to buy a home with an extremely low down payment.
Rocky Hardie–Austin, Texas’s #1 Government Home Loan Expert–went on a mission to find out what could be done to help area home buyers. Deep down in the tool kit, he re-discovered a little-used government program that allows people to purchase deeply discounted properties with almost nothing down!
Watch this short clip to learn more…
Duration : 0:2:19
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