Why Downpayment Source Matters

Why Downpayment Source Matters Why Downpayment Source Matters If you’re looking to buy a home, although you might think it doesn’t matter too much, the sources of your down payment means a big deal to the lender. Let’s talk about the lenders’ requirements, what your down payment tells the lender about your financial situation, and […]

Downpayment Options

Downpayment Options A downpayment is the initial payment you make when you’re buying a property through mortgage financing. A downpayment is always required when buying a home because lenders in Canada are only able to finance up to 95% of the property value. This leaves you with a least 5% down that you need to […]