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Originally Posted by Realtor 1
Strongly disagree and it is quite a bold statement on your end.
What if I have enough to come up with 10-15% but choose to go with 5?
Im still paying CMHC regardless so the only real savings is the interest, which is nothing (Investors group went below 2%)
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I'd expect better information from a realtor.
CMHC fees are much lower if you put down 15% over 5%. About 1.5% lower (so on a 400,000 mortgage it would save you $6,000).