a mortgage fit for the everyman and woman
Saving up a down payment of 20% can be a daunting task and sometimes it just makes sense to get into your new home a bit sooner. If you are looking to borrow more than 80% of the value of your home, a high ratio mortgage is just what the doctor, er associate, ordered.
By going this route, your down payment can be as low as 5%! The amount you’ll pay for CMHC or Genworth protection will depend on the size of your mortgage and, to keep things simple, the cost can be built into your mortgage payment.
For additional information or to apply for your very own mortgage, contact one of our associates.