anonymous said:
How does the "13% contribution to your down payment" work? For example, if the "cost price" is $100,000, does this mean that the "purchase price" is $113,000?
Hi! You’re correct. The bank then recognizes the 13% as a contribution to your down payment. So, you bring 5% and you automatically have 18% towards becoming a homeowner. When you rent or sell, you pay the 13% back with appreciation that matches the percentage increase in your property value. For more details or to speak to someone directly about how the Options Contribution (down payment boost) works, join us for a free info session: http://optionsforhomes.ca/register/
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