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Hear Hot Property with Ozzie Jurock every Saturday morning between 8:30-10 am on CKNW AM980
Tip of the Week:
12/23/06
100% Financing Comparison
There are 9 'no money down options'...2 of which apply TO STATED INCOME... (meaning you can state it - no one will check).
Here are 3
1. A 100% rental mortgage up to on a 4plex ... (Maximum $600,000)
Up to 35 year term
Must have a credit score of 620 or better.
Fee is payable. (4%)...
2. On your residence up to a duplex
up to 40 year term
a 100% mortgage (Maximum $700,000)
Fee payable (1% - 2.5%)
IF - Credit score 710 or better.
3. ON 80 % financing
Maximum $2.5 million
Credit score 620
Fee .75%
See Harvey McCallum, Centum Mortgage for more info
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