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Agape Fernandez | Realtor® on Instagram: "$600K home in Ontario? Here’s how much you need for a minimum down payment: • 5% on the first $500K • 10% on the remaining $100K Minimum down payment = $35,000 However, you’re putting under 20% down, you’ll need CMHC mortgage default insurance. 📩Want to see what you’d actually need to buy? DM me and let’s run your numbers! Agape Fernandez | Licensed Realtor® Serving Mississauga, Toronto & GTA 💌: agape.fernandez@kingrealtyco.ca 📞: 647-745-4316 #krc75 #
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In Canada, if your down payment is less than 20% of the home price, you must pay the cmch mortgage default insurance and the percentage you pay depends on how big your down payment is. This insurance premium usually gets added to your mortgage and repaid over the life of your loan through your monthly payments unless you chose to pay it upfront. #PinoyRealtor 🇵🇭 #mortgageINSURANCE #CMHC #realestate #tips @highlight | JP Villanueva - Pinoy Realtor
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