Quote:
Originally Posted by username
Everything you post is based on your opinion and you haven't provided a single shred of research to back up anything you post. Many people have been talked out of large down payments.....where do you come up with this stuff????
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This is a forum full of opinions, find yourself a bank manager or executive you really trust and ask him/her some questions.
I won't get into my personal experiences with who and where but it has also happened to me, I knew going in it would, and played out exactly like I expected. I put 60% down, when I wouldn't listen to my banker, they actually brought in a financial planner for me, spreadsheets an all showing how much more sense it made to go with 10% down and CMHC, invest my other 50% for 8% returns, while only paying 3.5% on my mortgage.
And I could really care less if you believe what I'm telling you.