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95% financing for home real estate

One hundred minus ninety-five equals five. Which means, in order for you to get financing that is 95% of the value of the home you want to buy, you only have to make a down payment that equals 5% of the home you want to buy.

When you choose 95% mortgage loan financing, it makes it possible for you to buy a home with such a small down payment, it'll be super easy to scrounge it up in cash, or RRSPs or a stock or two.

If you already own a home, 95% financing makes it possible for you to get almost your home's total value out of your property in cash or a line of credit. $ome kind of financing, isn't it?

Benefits of 95% home mortgage loan financing:

By choosing 95% home mortgage loan financing, you're also choosing some great mortgage benefits.

When you get 95% loan financing to get a new home, because you're making a down payment that is 5% of your new home's value, your mortgage lender won't expect you to have great credit. You lender also won't require you to have awesome income either. That 5% down payment will go a long way in giving your lender security in their lending with you. And that cuts you free from strange and severe 'qualification' standards that you would run into with 100% financing.

And when you get 95% financing to get equity out of your current home, because you're leaving at least 5% equity in that home, your lender won't care about you having amazing credit and/or income in this scenario either. Your 5% equity that's left in your home acts as a security for the lender, and they'll be less strict about your credit score and income amount requirements. Phew!

Get home financing now: apply online for your mortgage!