Quote:
Originally Posted by MarchHare
Isn't that illegal? I thought you could not use borrowed money for a down-payment.
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I'm not sure if it's outright illegal - the experience/impression that I have is that it isn't a hard and fast outright rule. (Turning a blind eye kind of thing?)
For what it's worth, the cashback zero percent mortgages are finally starting to disappear in Canada. Or maybe not, who knows.
http://www.canadianmortgagetrends.co...-payments.html
http://www.canadianmortgagetrends.co...on-at-cus.html