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Is a down payment stopping you from purchasing?

As home buyers keep hearing about the “credit crunch” and doom and gloom, they wonder if they will ever be able to realize their dream of home ownership.
I guess it depends how you look at life, is the glass half empty or half full. I personally believe there is a wonderful opportunity, right now. Interest rates are at an all time low, plus there are tremendous “bargains” in the real estate market.
A little over a year ago we were paying 5.79% for a 5 year fixed rate. Today at a rate of 5.79% some financial institutions will give you 5% cash back that can be used as your down payment.
If you would like to find out about this program and many others please feel free to post a question or contact us www.designermortgages.ca
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