877 813 6171 chris@rtopartners.ca
Please Note: RTO Partners are not licensed real estate agents, mortgage agents, lenders, lawyers or credit counsellors. We have established a team of dependable and creative professionals that we rely on to provide the services you need on your way to home ownership, and we co-ordinate their efforts and keep everything on track.

Click this link for a rough estimate of your maximum price range.

Have you been turned down for a mortgage?

Have you been approved but don’t have the down payment?

Overcome The Down Payment Obstacles Of Getting A Mortgage

There are many forms of relief from the normal mortgage expenses of closing costs (usually about 1.5% of purchase price) and down payment (usually minimum 5% or 20%).

As of August 2013, RTO Partners now also has a lending pool to help with down payments.

Down payment techniques come from 4 main sources:
– the minds of creative real estate professionals
– Canada’s government
– the seller
– loans and family

CMHC Flex 100 zero-down payment option.

Land transfer tax can be waived/refunded for first time buyers:
fin.gov.on.ca/en/refund/newhome/index.html

Here is a very brief article by our friend Rick Rose in Windsor, “The Art Of Buying A Home With No Money Down“.

Although a no money down mortgage (0% down payment) is no longer available directly through CMHC, there are still ways to obtain a CMHC insured mortgage with no money down, and there are ways to arrange for financial help from the seller or lender.

Here are some of the options available.

  • 2% – 5% cash back component
  • CMHC permits down payments to come from borrowed sources (credit cards, line of credit, family) provided that this is disclosed to the lender

We Also Assign You A Realtor To Work With …
Somebody We Are Familiar With, Our Lender
Is Familiar With, And Who Understands The
Creative Financing Strategies We Utilize

    A home buyer can borrow their down payment and obtain a 3% – 5% cash back mortgage. Once the home closes the buyer can pay off the borrowed money with the cash back.

5% cash back mortgages are available from several lenders (we know where to go to get these mortgages), which will usually carry a higher premium.

If you thought you could not qualify for a mortgage (or have been narrowly turned down by an agent already), please fill in this form and we’ll use every creative technique we know to both get you a mortgage AND alleviate the pain of closing costs and down payment.