With the upcoming university season, we wanted to highlight an opportunity that could significantly benefit families with university students: investing in a second property to house your university-bound student, leveraging the advantages of Canada Guaranty or Sagen second property programs. Here's why you should consider this option: · Low Down Payment: With 2nd property programs, you can secure a mortgage with as little as 5% down payment, making it easier to invest without tying up a significant amount of capital. · Competitive Rates: Enjoy competitive interest rates, ensuring that your investment remains financially viable in the long term. · Stability and Security: Provides a stable living environment for your university student, eliminating the stress of finding accommodations each academic year. · Long-term Planning: Serves as a long-term asset that could benefit the family beyond the student's university years potentially serving as a vacation home or retirement home. Or, if the property appreciates in value over time, it could serve as an investment, potentially yielding financial returns in the future. · Teaching Fiscal Responsibility: You can involve the student in property ownership and management, teaching valuable financial and real estate management skills.
If you're interested in learning more about how these programs can help you secure financing for a second property, please don't hesitate to reach out. We’re here to provide expert guidance and support every step of the way.
We look forward to assisting you in achieving your goals.
Expert Mortgage Group Tel 1 866 585 2022 expertgrp.ca |