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Mortgage and Wealth strategies

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As expert mortgage brokers, we know building wealth through homeownership and achieving financial freedom is about more than just chasing the lowest rate—it’s about strategy.

We're taking you behind the scenes and giving you the insider tools and powerful strategies to get ahead. If you’re a first-time homebuyer, you’ll find everything you need to secure your first property and start building wealth from day one.

If you’re an existing homeowner, this is where you take control. Maximize the wealth-building potential of your current home with proven strategies for refinancing, leveraging equity, and optimizing your mortgage for bigger opportunities.

Your mortgage is more than a loan—it’s a gateway to long-term financial success.

Our goal is simple: to equip you with the knowledge and tools to make smart, strategic decisions that will transform your financial future.

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Get A Mortgage Without A Traditional Down Payment? All About Flex Down Mortgages In Edmonton!

February 21, 2021 | Posted by: Matt Broom-Hall

With Mortgage Rates Being So Low - Now's The Time To Buy! But What If You Don't Have a Down Payment?
While no financial institution will lend 100% of the value of your home, there is the option where you can borrow your down payment. 
Known as a Flex-Down Payment, this option is a great way to get into a primary residence without having the down payment saved. Therefore you get to own a property, have asset appreciation, and pay down your mortgage instead of somebody else's. 

So how does it work?
For most individuals, the most difficult part of purchasing a home, especially for first time home buyers, is the ability to save the required down payment. Flex Down allows for individuals to borrow the necessary funds to use as their down payment.  The down payment can come from a loan (different from the mortgage provider), line of credit, friends, family, etc. 

What Are The Requirements?
When a borrower applies for a mortgage the lender will have specific requirements for debt to income ratios. As you would be borrowing the down payment you will be adding debt to your already existing credit obligations. Because Flex Down Payments are a riskier product from a lending point of view, it is imperative to have excellent credit and little to no debt. Lenders require assurance that the buyer won’t default before they have paid their loan in its entirety. The ideal candidate would be someone who:
• Has established (and proven excellent) credit history.
  • • Has a consistent income.
    • When interest rates are low this could be a great option for renters or first time home buyers to get their foot in the door of home ownership.
    • If you would like more information on Flex Down mortgages or would like to apply for a Flex Down mortgage - connect with me today! 
    • I can help you decide whether this is right for you and potentially get you in a new home sooner than you thought!
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