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EP7- How much down payment Needed on a House
Manage episode 456817936 series 3624899
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This podcast episode provides a comprehensive guide to down payments for purchasing property in Canada. It explains the difference between a down payment and a deposit, details the minimum down payment requirements based on property price, and clarifies the implications of high-ratio mortgages and mortgage default insurance. The hosts discuss the advantages and disadvantages of larger versus smaller down payments, considering various financial situations and investment strategies. Finally, they encourage listeners to contact their real estate team for personalised advice.
https://www.houseinbrampton.ca/communities/bank-estate-sale-properties/
21 episoder
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