Mortgage Blog

Shut the Front Door on your First Home today!

January 20, 2023 | Posted by: Sharon Patton

Are you a first-time homebuyer? Or do you know someone looking to purchase their first home? We may have a solution to help you Shut the Front Door on your first home today. 

Let's take a look below at our 3-step maneuver to help you get your down payment immediately. 

**Based on the purchase price of $500,00 with only $5,000 saved for a shortfall of $20,000**

Take an RRSP loan or line of credit for $20,000 OR a gift from Mom and Dad. 

Before the end of February, put the $20,000.00 loan/line of credit/gift money into an RRSP. 

Purchase a home! 

Use the $20,000 in your RRSP as your down payment. 

Take a 3% cash-back mortgage option with 2 of my top-tier lenders.
Use 3% cash back + your income tax refund to pay off your loan on closing day.

$15,000     +      $ 5,000     =      $20,000 
(cashback)       (tax refund)       (pay off loan) 

It’s as easy as 1, 2, 3!!!!

If you are a first-time home buyer or know someone who is looking to get a down payment immediately let's chat. We will work with you to Shut the Front Door on your first home today! 

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We look forward to connecting with you soon. 

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