What Is The Minimum Down Payment You Need For A Home?

What Is The Minimum Down Payment You Need For A Home?

Buying a home is a huge investment. You should be aware of all the costs you will face including your down payment.

The down payment is the up front money you put down on your new mortgage.

You will also have to pay lawyer fees, moving costs, utility set up, and registration fees.

Before you make an offer on a home make sure you know all the costs that you are going to face.

Speak with your mortgage broker, finacnial advisor, or your bank to get a clear picture of the costs you will face.

Ratehub.ca has some great resources for calculating down payment and mortgage scenarios: Mortgage Help

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