Purchase A Home For A Family Member

Have you considered purchasing a home for a family member?

Genworth, a partner who insures mortgages in Canada, has a number of great videos that talk about programs that they offer, including their Family Plan Program.

You can purchase a home for a family member, like a son or daughter, mother or father with as little as 5% down.  There are some stipulations but this is an excellent program.

I know of many individuals who's children were accepted to University.  They purchased a home rather than have their children rent.  They built up some equity over the 4 year program, effectively receiving the housing costs back at the end.

Here is a quick video from Genworth that explains this program a little.

Genworth Family Plan

If you would like to find out more about this or other options for purchasing a second home, give me a quick call or send an email.