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4 June 2007

Using RRSP's for Downpayment

Visit this site to get all the details on withdrawing from your RRSP for the downpayment or closing costs to purchase your home.

Some key elements
* up to 20000.00 per person can be withdrawn
* must not have owned a home in the previous 5 years
* repayment begins two years after withdrawal from the plan
* you are required to pay back 1/15th of the withdrawn amount each year

Call us for more details and/or assistance

Mortgage Alliance Oac Mortgages

As a registered franchise of the Mortgage Alliance Network, we have a number of mortgage professionals who can bring you the choice, convenience, and counsel you need to get the RightMortgage®. Working with over 40 lenders (some offered exclusively through brokers) we'll provide unbiased guidance in your mortgage decision.

We are legislated by the Ministry of Finance FSCO and our brokerage license is 10928.

We are dedicated to educating our clients about their mortgage! We want you to be well informed and comfortable with the mortgage you have and the options available to you. This blog is intended to offer information, updates, current mortgage products and current rates.

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