Down payment

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Down payment

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Lori-Dawn Stevenson - Swift Current Real Estate

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0 Views • Jul 8, 2024 • Click to toggle off description

💰💼 Want to buy a home? Let's talk about down payments! 💸✨ Did you know that the down payment forms part of your purchase price? 💯💰 The banks require a down payment to ensure security. But here's the catch: if your down payment is less than 20%, you'll need mortgage insurance from CMHC or Saging. 🏠💸 This adds an extra step to the approval process and can increase your monthly mortgage payment. 😱 So, what's the best amount to put down? 0%, 5%, or 20%? It all depends on how much cash you have. 💵💪 If you have less than 5%, don't worry! There are down payment programs available. 🙌💼 Jump on it now and get into your dream home sooner while building equity! 🏡💰 #HomeBuyingTips #DownPaymentPrograms #MortgageInsurance #shorts

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Uploaded At Jul 8, 2024 ^^

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RYD date created : 2024-12-05T05:08:47.0684109Z
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