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 Samples Of Payment And Income Qualification Summary with  5% DOWN

• YOU CAN USE YOUR RRSPS FOR YOUR 5% DOWN 
• PAYMENTS ARE BASED ON A  4.60% INTEREST  RATE (JUNE 6, 2010)
• PROPERTY TAXES ARE BASED UPON 1% OF PURCHASE PRICE (LENDERS RULE OF THUMB)
• THERE IS NO GST ON PURCHASE PRICE OF PREVIOUSLY ENJOYED HOMES
• $100.00 PER MONTH FOR HEAT IS INCLUDED FOR MORTGAGE INCOME QUALIFICATION 
• THE ABOVE CALCULATIONS ARE ESTIMATES AND QUALIFICATION STILL DEPENDS UPON A FORMAL MORTGAGE APPLICATION, CREDIT VERIFICATION AND OTHER CONDITIONS AS MAY BE NECESSARY FOR MORTGAGE AMOUNTS AND APPROVAL
  
   

FIRST TIME HOME BUYERS FREE DOWN PAYMENTExample – The cost of the home is $260,000 The financial institution will provide you with the down payment equal to 5% of the property purchase value. You must be approved by the financial institution at the 5 year posted rate, have 1.5% of the purchase price in cash to cover the closing costs and have a good credit rating.
CALL BARRY AT (403) 875 2310 FOR FURTHER DETAILS....

Samples Of Payment And Income Qualification Summary  ZERO $$ DOWN

Rent Paid or Total Monthly MortgagePayment P+I+T	Gross Household Income to Qualify	Purchase Price	CMHC Insurance Premium **	Mortgage Amount **	Principal & Interest Monthly	Estimated Monthly Property Tax
$1,003	41,414	151,608	5,336	156,944	877	126
$1,042	42,857	157,395	5,539	162,934	911	131
$1,069	43,839	161,400	5,680	167,080	934	135
$1,121	45,840	169,438	5,963	175,374	980	141
$1,186	48,265	179,204	6,307	185,511	1,037	149
$1,248	50,594	188,551	6,636	195,187	1,091	157

Rent Paid or Total Monthly Mortgage Payment P+I+T	Gross Household Income to Qualify	Purchase Price	5% Down	CMHC Insurance Premium **	Mortgage Amount **	Principal & Interest Monthly	Estimated Monthly Property Tax
$1,000	41,272	158,400	7,920	4,891	155,371	868	132
$1,039	42,714	164,500	8,225	5,079	161,354	902	137
$1,067	43,768	168,900	8,445	5,215	165,670	926	141
$1,121	45,799	177,500	8,875	5,480	174,105	973	148
$1,184	48,156	187,500	9,375	5,789	183,914	1,028	156
$1,248	50,560	197,500	9,875	6,098	193,773	1,083	165

** mortgage amount includes the cmhc insurance premium