How much you need for a down payment

Author: External Author | | Categories: First Time Home Buyer Mortgage , Mortgage Broker , Mortgage Calculator , Mortgage Rates , Private Equity Investors

A down payment is the amount of money that you put towards the purchase of a home. The down payment is deducted from the purchase price of your home. Your mortgage loan will cover the rest of the price of the home.The minimum amount you'll need for your down payment depends on the purchase price of the home you'd like to buy.

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Original Article Source Credits:Government of Canada, https://www.canada.ca

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Link to Original Article:https://www.canada.ca/en/financial-consumer-agency/services/mortgages/down-payment.html



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