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You are here: Articles Down payment in Real Estate

Down payment in Real Estate

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Down payment in Real Estate
Important Details to Know About Down Payment
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First the bad news: If you’re thinking of buying a house and you already think a home down payment is a struggle, you may find you’re dealing with a real crisis!

Buying a house will now require a larger home down payment, due to the rising national indebtedness, as our Finance Minister Jim Flaherty has said. Due to lower interest rates, more and more people are buying houses and taking on mortgages they’re not able to handle.

When interest rates rise in the future, this may mean good-bye to the 5%  minimum home down payment. And with a reduced amortization period, mortgage payments must go up.
Do you see a huge problem for you here as a potential homeowner?

If you’re still interested in buying a house, you may be faced with a major down payment struggle. You may think it means your home remains a dream.

The good news: with the Rent to Own way, you have an excellent opportunity of buying a house. Real estate is a long term investment that creates wealth, overcomes inflation, and provides you with a secure future. And you can achieve the rewards of buying a house, with less down payment than you think!

At Rent to Own Home, we want to help you become a homeowner. And you can – with even less than 5% down payment for a house.