YOU’LL BE AMAZED AT HOW LITTLE HOUSEHOLD INCOME IT TAKES TO OWN A NEW HOME IN KEMPTVILLEPRESENTING,the most incredible NEW HOME VALUE in Eastern Ontario!

Dreams Become Reality atKemptville MeadowsWhy rent when you can ownFrom the Mid 200’s and only 5% downOnly 25 minutes to Hwy 417/BayshoreMinutes from schools, hospitals, shopping, parks, nature trails and more.

Learn how you can turn your 5% down payment into the equivalent of 25%, and become a HOME OWNER NOW!

Home Ownership Alternatives Non-Profit Corporation Home Ownership Alternatives Non-Profit Corporation (“HOA”) is a non-profit financial corporation dedicated to making home ownership possible for modest income families.This is accomplished through the HOA Shared Appreciation 2nd Mortgage which is administered through HOA Mortgage Services Inc (“HOA-MSI”).

Benefits of an HOA 2nd Mortgage Supports purchasers with modest income to own a home Provides down payment assistance No monthly paymentsReduced carrying costReduced need for mortgage default insurance

What is a Shared Appreciation Mortgage? The HOA Shared Appreciation Mortgage is a mortgage that does not bear a specific rate of interest. Instead, the interest rate is based on the percentage increase in the value of the home from the purchase date until the mortgage is repaid.

No Monthly PaymentsThe HOA Shared Appreciation 2nd Mortgage improves affordability as it requires no scheduled payments of principal or interest. The HOA Shared Appreciation 2nd Mortgage must be repaid upon sale of the home or when the owner ceases to occupy the home. Home owners can also voluntarily repay the 2nd Mortgage at any time without penalty.

Down Payment Assistance HOA provides down payment assistance to qualified purchasers by using its own funds and funds from Local Municipalities, the Province of Ontario, CMHC or the Federal Government.Purchasers must also make a down payment of at least 5% of the purchase price of the home from their own resources.

The following criteria must be satisfied in order to be considered for an HOA Shared Appreciation 2nd Mortgage: Purchasers must be legal permanent residents of Canada Purchasers must be at least 19 years old and have verifiable income The new home must be the principal residence of the purchaserHOA will assess each purchaser’s individual credit profile and mortgage carrying capacity. Purchasers may also need to satisfy additional qualification criteria in order to receive additional funding from our partners. Am I Eligible?

Do You Have Questions?To find out more about how Home Ownership Alternatives makes home ownership affordable, visit:www.hoacorp.cawww.kemptvillemeadows.ca(P) 613.366.2007