Quote:
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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Travis,
What difference in interest over the life of the mortgage/term are you paying between your choosing of 5% vs 15% vs 20%.
Why did you choose the lower down payment?