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Daytona Homes Buydown Daytona Homes Buydown

Now's Your Chance To Save Thousands On Your Mortgage Every Year!

Introducing Daytona Homes Mortgage Buydown


Daytona Homes and BMO have teamed up to introduce an exclusive, limited time mortgage buydown program for Edmonton, Calgary, Lethbridge, Regina and Saskatoon.

Lock into a 3-year fixed mortgage with a rate 1% below BMO’s current market offering!

Save hundreds of dollars on your monthly mortgage payments! Why settle for a 3.64% mortgage rate when you can get a 2.64% rate or even better. Don't miss out on this limited-time offer to put thousands back into your pocket.

AND if you purchase a quick possession Daytona Home and move in within 120 days we can secure you an even LOWER rate of 2.09%!

Fill out the form, and our online counsellors will reach out to you!


FAQs

Have questions? Check our FAQs below.

What is a Mortgage Buydown?

A mortgage buydown is an offer that lets you pay a lower interest rate from the start of your mortgage for a defined period of time. Daytona Homes has partnered with BMO to offer our purchasers exclusive mortgage rates at 1% less than what BMO typically offers on a 130-day rate hold.

How does it work?

Any new Daytona Homes purchasers will get their mortgages at 1% below BMO’s best 130-day rates. This means $200 or more can get taken off your monthly mortgage payments*!

What does the buydown mean for me financially?

You save $200 or more on your monthly mortgage payments, which puts more money in your pocket for what you and your family need!

Does this affect how much I need for a down payment?

You still need to have the required 5% down payment minimum mandated by the Government of Canada.

How do I qualify for the buydown?

It’s easy! Just purchase one of our new homes and use one of our 6 preferred BMO Mortgage Specialists. For more information, chat here with one of our online counsellors who can help!

Does this mean I can afford a bigger/more expensive home with this buydown?

Even though your monthly payments are reduced by $200 or more, you still are required by law to pass the stress test, which is government regulation. The price and size of the home you can afford now is dependent on your income and the results of the stress test. Talk to one of our sales consultants for more information.

Will the buydown change how soon I can buy my house or move in?

You can move in as soon as your house is ready! But ideally, you will get the best mortgage rate by moving into your new home within 130 days.

Can I do this on a refinance if I own a home now?

Unfortunately, this program is only available on new home purchases through Daytona Homes in partnership with BMO.

Where is this program available?

Currently, this program is only available in Edmonton, Calgary and Lethbridge.

Is there anything else I need to know?

YES! If you purchase one of our homes between now and June 30, 2019 through a new BMO mortgage, you can get a $2,000 cash bonus from BMO!

Who can I talk to if I have more questions?

If you have questions, GREAT! You can reach out to one of our online counsellors below to get started!



* Cost savings depend on purchase price of home.
* Terms and conditions apply. Cannot be combined with any other offer. Rate subject to change at any time without notice. Offer subject to end at any time without notice. See a Daytona Homes Sales Consultant for details.