Cash Back Mortgages are often an ideal fit for first-time home buyers that have put down a minimum down payment.
What Does Cash-Back Mean?
The amount of cash back you can get is based on the size and term/years of your mortgage.
When Do You Get Your Payment?
Simply put – your cash back is paid on the date your mortgage is advanced – perfect for helping new home owners cover immediate expenses. The money you receive will never need to be paid back as long as you keep paying your mortgage to the end of your term.
Before you consider this option with your existing bank – give us the chance to walk you through all of the available cash back home mortgages available to you across your province.