Why make buying a home a tight squeeze?
At Stepper Homes, we know that coming up with the purchase deposit for your home can be tough. That's why we're proud to offer Trisura's Pay-It-Later, an Alberta New Home Warranty sponsored bond program that allows homebuyers to defer up to 50% of the purchase deposit until closing.
Is this right for you?
If your assets are tied up in your existing home, invested in other interest-earning investments, or you simply need more time to save your entire deposit, then the answer may be "yes". The Pay-It Later Purchaser Home Deposit Bond is a convenient alternative.
- There's no need to liquidate investments or tap into your RRSP. Your savings can continue earning interest right up until the day you close on your new home.
- You do not have to secure an expensive bank loan with monthly payments, or borrow from a family member.
- You can select the home you want now and participate in the building process.
- You do not need to expedite the sale of your existing home to finance the purchase of a new one.