Initial financing to get started, what is the best approach to obtaining such financing
- Thread starter Jmkjzuk
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- Aug 30, 2007
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The market is the market.
Mortgage money is cheap, you can get a first time home with only 5% down, the economy is booming, there is a baby-boom and the city growing by 2%+ a year. Prices (and rents) will go higher.
Edmonton prices are among the lowest for cities with 250,000+ people in Canada !
Welcome to the real world !
Mortgage money is cheap, you can get a first time home with only 5% down, the economy is booming, there is a baby-boom and the city growing by 2%+ a year. Prices (and rents) will go higher.
Edmonton prices are among the lowest for cities with 250,000+ people in Canada !
Welcome to the real world !
- Joined
- Aug 29, 2007
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- 2,042
The numbers are what they are. If you do not have enough money you wait till you do.
If the rent to purchase price ratio does not work you don't buy and keep looking for something that does work.
Numbers don't lie but all to often novice investors in a rush to jump in lie to themselves.
If the rent to purchase price ratio does not work you don't buy and keep looking for something that does work.
Numbers don't lie but all to often novice investors in a rush to jump in lie to themselves.
- Joined
- Aug 31, 2007
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- 526
Do you own your own home yet? If not, start there. As Thomas mentioned, you can do as little as 5 percent down. Under some very specific situations and with stellar credit, a strong proveable income and little debt you can borrow your down payment from an unsecured line of credit. This is a riskier and more expensive course of action but it is possible.