Down payment Rules – Should I Wait for 20%?

June 13, 2016 Benjamin Sammut 0

We hear a lot of homebuyers saving aggressively nowadays in order to facilitate a large down payment on a home. Many of them aim for the coveted 20% down payment as a means of avoiding high-ratio mortgage insurance (we’ll refer to it solely as CMHC for the purpose of this article). Their reasoning is that there’s no need to pay […]