Cash Back Mortgages in Alberta

Get Cash Back On Closing.

When you purchase a home, you may find that you need some extra cash. You might want to renovate, purchase furniture, go on a vacation, or simply have a cash buffer during the first few months of homeownership.
How you spend it is up to you!

So how does it work?

• You can receive 1, 2, 3 or 5% of the purchase price - cash back at the initial close.

• You can also apply the cash back directly to repaying debt. This makes it much easier to qualify for your mortgage and also increases your max purchase price.

• Maximum amortization of 25 years.

• If you sell your home during the first term of your mortgage, you will be required to pay back the pro-rated cash back funds.

• Slightly higher interest rate.

• Minimum credit score of 680 is required for at least one qualifying applicant.

I will help you find the best rates and best mortgage options to help you buy your home. Contact me today, I am here to help!