11 Feb Cash Back Mortgage/ Insured & Insurable Financing
Posted at 14:29h
in Blog
When purchasing a home in Canada with <20% down & <$1,000,000.00 the mortgage insurers require a minimum down payment requirement. This requirement is:5% on the purchase of $0.00 - $500,000.0010% of the amount between >$500,000.00 and <$999,999.99The insurer also requires a closing cost confirmation verification...