Quote:
Originally Posted by GP_Matt
If you want to see why CMHC is a joke try to take out a mortgage with 19% down.
The fee to insure that last percent is one percent.
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Yeah, I noticed that too.
I just bought a house with 10% down. I could have put more down, but unless you get to at least 15% (but 20% being the real benchmark), it didn't seem to be worth it. I was going to do 13%, but there wasn't much of a point.