South Surrey/White Rock Real Estate/Mortgages

Currently, when purchasing a home, government backed or insured mortgages allow for 5% down, no matter what the sale price.

These could be changing, the higher the purchase price, the higher the down payment, will be required.

Click link for full article:

http://www.mortgagebrokernews.ca/market-update/minimum-downpayment-could-rise-under-liberal-plan-200321.aspx