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MJK · 03-09-2010, 08:58 AM

So My fiance and I want to buy a second home but apparently CMHC wont approve the deal unless 10% is put down which in this case is $30,000. Now I don't have $30,000 lying around but we can easily afford the home.

What are my options here?

I only have a LRSP account and am pretty sure I can't touch that.

Thoughts?

03-09-2010, 08:58 AM	#1
MJK Franchise Player Join Date: Jun 2003 Location: N/A Exp:	Options for Home Downpayment? So My fiance and I want to buy a second home but apparently CMHC wont approve the deal unless 10% is put down which in this case is $30,000. Now I don't have $30,000 lying around but we can easily afford the home. What are my options here? I only have a LRSP account and am pretty sure I can't touch that. Thoughts? Last edited by MJK; 03-09-2010 at 09:11 AM.