Rules for borrowers needing high ratio mortgages are changing again. High ratio means your downpayment is less than 20% of the purchase price of the home. This not uncommon for first time home buyers
More details here:
http://canadianrealestatemagazine.ca/news/item/1247-mortgage-rules-set-to-change-again
Kim Parish
Macdonald Realty
Address
2057 Commercial Dr
Vancouver,
BC,
V5N 4B1
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