Why is a down payment important when buying a home?

Oct 12, 2017

In this episode, we talk about the importance of a down payment when buying a home and minimum down payment requirements in Canada. 

 

See video with transcription:

http://stories.brookfieldresidential.com/homebuyersschool/why-is-a-down-payment-important

 

We discuss the following questions: 

• Why is a down payment on a home important?
• What's the minimum downpayment on a home?
• Is the minimum required down payment the same for a resale as a brand new home?
• Is there a minimum down payment for anything over $1million in Canada?
• Why Canadian banks need to verify the source of a down payment. ?

 

Have any home buying questions you want to be answered?

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Web: homebuyersschool.ca