100% Financing Mortgages in Fort McMurray

As a Fort McMurray Mortgage Broker I understand the importance of options with your financing. What if I told you that we have many options for buyers in all situations? Want to buy a home in Fort McMurray but do not have the down payment? Buying a home in Fort McMurray can be difficult to save your down payment with rent being so high. There are still a few options available for borrowers without a down payment. We have some lenders that allow down payment to be borrowed, they call this a flex-down. The best part is your interest rate for the mortgage does not increase, you still get the lowest mortgage rate for your Fort McMurray home!! Contact me today to get started with the application and be that much closer to your new home. We are your Fort McMurray Mortgage Specialist! If you do not have a down payment saved but want to stop paying rent and start paying down your own mortgage this borrowed down payment can be the solution. We can get you a mortgage with no down payment saved, get you a loan for the down payment on your new home and get the lender and insurer to approve your borrowed down payment mortgage. 

At Whalen Mortgages we can get you a line of credit or you can use your own to purchase your new home, we make mortgages simple. In Fort McMurray rent can be about 2800 a month. What if I told you that you can own your own home for the same payment and in 5 years have roughly $100,000 in equity. Getting approved for a flex down mortgage in Fort McMurray can be difficult without local knowledge of the market and the lenders who are familiar with Fort McMurray deals. Using a local Fort McMurray Mortgage Broker will help ensure you get an approval to purchase your new home. Your new Fort McMurray dream home is waiting for you and is only a phone call away.

At Whalen Mortgages we are your local Fort McMurray Mortgage Broker solution. We can work with many situations to find something that works for you. We have the top lenders in Fort McMurray who all have different products and compete for your business and offers Whalen Mortgages the best mortgage rates.  You don’t have to pay a high interest rate to get approved for the flex down or borrowed down payment program the mortgage rates are the same as if you had your own down payment. We just have to qualify you using the debt of the borrowed down payment so it will lower the approval amount but allow you to purchase a new home and get approved for a mortgage in Fort McMurray today.

I believe that informing my clients of the lenders product and details of their new mortgage is an important aspect. Informed decisions always result in the best outcome. Something that you pick after understanding each lender, something that works for you! I will coach you financially to get the approval you want for your next home in Fort McMurray or anywhere else across Canada. You will pay a slightly higher rate to the insurer CMHC or Genworth to access the borrowed down payment program. Traditional down payment saved or gifted of 5% has a CMHC premium of 4% a borrowed down payment or flex down mortgage has an insurance premium of 4.5%. The lenders do not charge a higher interest rate for the mortgage to access the borrowed down payment program. Although zero down payment has been eliminated the borrowed down payment program is very similar to the zero down payment program the difference is you get your own loan or line of credit that you can pay back monthly separate from your mortgage, and your mortgage rate does not increase to access this program. The zero down payment when it was available the lenders would charge a significantly higher mortgage rate to access that product. 

Fort McMurray Mortgages don’t have to be complicated. Let me help find you solutions to get an approval on your new dream home and make it a quick and painless process. You can start building your own equity and stop paying down your landlords mortgage. We offer the best mortgage rates in Fort McMurray and have a great relationship with our Mortgage Lenders to ensure quick turnaround times and ensure an approval. You can be lender and insurer approved in 1 day and pre-approved in as little as 20 minutes. 

Let us help you get into home ownership today! We have a team of dedicated Fort McMurray Mortgage Brokers ready to help you get into your new dream home. We can work all different situations and have lots of experience to ensure we get you approved or help coach you on what is required to get approved. Talk to one of us at Fort McMurray Whalen Mortgages today and we can have you out house shopping before you know it. We can position you with a lender who will give you a loan or we can get you a loan and put you with a few other lenders all depending who is the most competitive on the mortgage rate when you are ready to purchase your new home. Our job is to make sure we get you approved for your new home and the lowest mortgage interest rate and the best terms. Remember we work for you our clients and our service and dedication shows this. 

100% financing using your local Fort McMurray Mortgage Brokers at Whalen Mortgages. Call Jodi Whalen or her dedicated team members today 780-715-7533. We will have you pre-approved in only 20 minutes and out house shopping. We have partnered with the top industry professionals allowing us to offer you the best of everything from mortgages, realtors, home inspectors, and home insurance providers, life insurance providers independent from the bank and loans and credit cards. 

We look forward to helping you on your next home purchase. We are your trusted mortgage brokers in Fort McMurray and we work for you Not the Banks. Call our team today to see what mortgage options are available to you, we work around your schedule and understand the high work demand and schedules for our clients. We can work evenings or weekends to get you pre-approved and out house shopping. 

FLEX DOWN

  • Down payment is borrowed (example: Credit Cards, Line of Credit, and Personal Loan)

  • Credit score must be high 

  • Insurance premium of 4.5%, added to mortgage

  • Client can qualify for “best” discounted interest rates

  • All types of properties on owned land (not rented pad) are eligible

Apply now to see which option will best suit your needs.