As of Oct 15th, 2008, if you have been following the mortgage news, there will be no more "zero" down payment insured by CMHC, AIG, or Genworth. Although not many people know that they can purchase property with 0%, it is still a big change.
If, however, you are refinancing your owner occupied property, we still do up to 100% Loan-to-Value (LTV) refinancing. We will work with any first mortgage you have (whether it is bank mortgage, or a private first mortgage).
If you are in foreclosure, as long as you are allowed to bring your first mortgage up to date, meaning you can keep the first mortgage as long as you pay the arrears within a time frame, we will be able to help you.
Best of all, this program requires no insurance premium.
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