Canadian Funding Corporation wants you to be informed
Q&A for first-time home buyers:
What can I afford to buy?
Each buyer is unique – and we’ll help you find out just what you can afford. Your income and your debts will typically play the biggest roles in determining your price range. It’s simple to make an estimate, just run the numbers for yourself using our Affordability Calculator.
Do I have enough money to buy my first home?
We offer a range of mortgage programs, and we’ll help you determine which can work for you – some of our loans require little money down. You’ll also need to consider closing costs and the escrow account for taxes and insurance. But don’t get overwhelmed: it’s a snap to figure out how much money you’ll need, using our handy Affordability Calculator.
What about my less-than-perfect credit report?
Our special solutions program can help:
- We offer loan options ideal for those who have a few “dings” on their credit report.
- We try to work with every customer to develop an individual mortgage program – we call it your personalized rate, because no two are alike.
- So we try to develop a custom program based on your credit worthiness.
What’s the best loan program for me?
That depends on a number of factors, including:
- How long you’ll stay in the home;
- How much money you’ll put down;
- How you’ll finance the closing costs.
For information on the loan programs and rates available, visit Loan Programs on the Coldwell Banker Mortgage website.
What are the tax benefits to owning a home?
You may be able to deduct the interest you pay on the mortgage loan and some of the financing costs of the home, such as points. And your property taxes could be deductible. You should consult your tax advisor for more information. or veiw here.
Canadian Funding Corporation News 