All about the new Family & Friends mortgage.
As the housing market gets pricier, many Canadians wonder how they’ll ever be able to afford a home – particularly if they’re not in a conventional two-income family.
The Family + Friends Mortgage – a practical way for modern families and friends to join forces and pool their financial resources to afford a larger shared home. In fact, with this mortgage solution, we’ve made it easier than ever for up to four people to obtain a mortgage and take advantage of low rates.
Before you dive in to making your purchase or choosing a mortgage, we invite you to review this guide, filled with helpful suggestions, creative tips and food for thought on the smartest ways to share your investment, avoid pitfalls and make the most of living together.
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* Thank you to Alain Lavoie from Capital Home Lending for the Friends and Family Mortgage PDF.