Meet Andrew and Megan
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Meet Andrew and Megan. They live in a one bedroom rental apartment and decided it was time to look at buying their first home.
Andrew and Megan's Situation:
Andrew and Megan knew exactly what they wanted. A three-bedroom rural single family home that would be easy to take care of, but big enough for a growing family.
Andrew and Megan's Challenge:
Money is tight for Andrew and Megan. They quickly find out that their wish list budget -- under $200,000 -- came nowhere close to matching the reality of the hot Ottawa real estate market, where house prices are some of the highest in Ontario.
Andrew and Megan's solution:
Andrew and Megan continued to work with their mortgage professional to seek out creative financing options to realize their dream of homeownership. They negotiated a low money down mortgage with a 35-year amortization period. It was a program that worked for their situation. They were able to knock a couple of hundred dollars off of their typical monthly payment, and they didn't have to wait several more years to save up for a large down payment.
Ask your mortgage professional for a Genworth-insured mortgage today,
or call 1-800-511-8888
or call 1-800-511-8888
