If the costs and adjustments on your closing are unexpected and have left you short of funds, here is a solution for you.
CLOSING COSTS: UP TO $10,000 INTEREST FREE FOR 6 MONTHS
Sometimes buyers require cash assistance when buying a home due to unexpected closing costs which can delay or possibly prevent a deal from closing. Up to $10,000 is available interest free for six months to cover expenses on closing a purchase such as government land transfer taxes, closing adjustments, registration costs, legal fees and legal disbursements.
The administration cost for any amount up to $5,000.00 interest free for six months is $249.00 (and such cost can be included in the $5,000.00). The administrative cost for any amount from $5,001.00 to $10,000.00 is $349.00. At the end of six months, the buyer has the option of repaying the borrowed amount in full or making payments based on interest rates that begin after the six months. NOTE:Applications for this program MUST be made by December 31, 2008 even if the closing date is later.
You've already bought the property so why am I helping you?
Because you know many people and may feel not all the information was provided to you. Please forward or pass this information along to someone you know who needs it.
Work with a full time, Award Winning Real Estate agent in west Toronto, Central and South Etobicoke or Mississauga for your next home.
David Pylyp RE/MAX Realty Specialists Inc.,
Lets Get your Dream Home !http://www.eleganthomesinwesttoronto.com/agentprofile/homefinder.cfm
Contact me at 647 218 2414