Search results for 'mortgage default insurance' (2)
Home buyers say the #1 obstacle to homeownership is saving enough money for a down payment. Mortgage default insurance (also called mortgage insurance) allows you to purchase a home with as little as 5% down . It protects your lender if you stop making payments. Typically, a 20% or higher down payment is your best option. However, for many Canadians, reaching this amount can be challenging, especially in expensive markets like Greater Vancouver & Toronto. If you don't have enough cash for a 20% down payment, Mortgage Default Insurance can help. How Much Down Payment Do You Need?
There are many challenges that come into play when you’re in the market to buy a home. Home buyers say the number one obstacle to homeownership is saving enough for a down payment. When you buy a home, your best option is a 20% or higher down payment. For many Canadians, a 20% down payment…
