"No damned way! ", I thought, and I was right.
Csrrie saw an ad on Kijiji about how the city of London will pay the 5% down payment on a house upto $145, 000.00. Yeah, colour me skeptical.
We contacted the poster of the ad, a real estate agent, for more info. She set us up with a mortgage broker.... really starting to smell like a scam now.
Turns out the city has been doing this for a few years. Sweet, right? Sadly, though not surprisingly, our credit isn't where it needs to be to be accepted. Add to that our current yearly income won't let us have enough to actually take care of things...
Oh well. Hopefully they keep doing this and we can take advantage in a year or three.
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