What can I use for a down payment?
In most cases:- Registered Retirement Savings Plans (RRSP's) may be used as a down payment up to a maximum of $20,000 per applicant,(2 applicants max) and is not subject to income tax if repaid within 15 years.
- Gift from immediate family
- Accumulated savings
- Sale of existing home
- Equity
Dave was extremely easy to work with. He was very insightful and simplified the entire home financing process. I'm certain he provided a level of professional and knowledgeable service we wouldn't have received elsewhere.
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