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Breaking News - Mortgage Down Payment Change
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12-11-2015, 08:49 AM
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Mortgage Made Easy
Scoring Winger
Join Date: Sep 2014
Location: Calgary, AB
Exp:
Just a little clarity on the change. The down payment change is:
5% up to $500,000 purchase
10% of the amount over $500,000 up to $1M
Example: $750,000 purchase will require a down payment of $25,000 on the $500k and $25,000 on the balance of $250k.
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