Down Payment Rule Changes
Blog by Morgan DuVernet & Kelsie Struch | December 11th, 2015
The minimum down payment for new insured mortgages will increase from 5% to 10% for the portion of the house price above $500,000.
Minimum down payment for properties up to $500,000 will remain at 5%.
If you are thining about buying a property call us today to disucss your options and how this change will effect you. We may be well into the holiday season but the Real Estate market is staying very active!
Century 21 In Town Realty