RRSP LOANS FOR YOUR DOWN PAYMENT
RRSP LOANS Can be an excellent tool and source of your down payment. As long as the money can “seed” or stay in your RSP account for 90 days it will then be eligible to be used as a down payment on for your home purchase.
- Variable and fixed rate RSP loans
- Minimum amount: $2,500
- Maximum amount: none
- Variable rate loan terms: 1 to 10 years
- Fixed rate loan terms: 1 or 2 years
- Deferral option of up to 180 days
- Deposit to an RRSP Account That we will set up for you.
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