New mortgage program that allows people to buy a house or an apartment with no down payment. As a young mortgage agent I can see that most of people that live in GTA cannot buy a house that they like because they cannot make a right down payment. Not beneficial for builders and not for the government.
This is what investor get back in return:
• Monthly percent from interest/principle payment
• Lump Sum ( rough from anywhere $ 20,000 up to $52,000 )
• About 8% a yearly net-profit.
When this program starts to work, it will affect national banks. It will also affect other systems once running. For more information on benefits for the investor and what can this program due, please ask.