Mortgage News
Saving 20% down for a house was worth the wait
Whether purchasing a first home or upgrading, how much should you save for a down payment?
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Saving 20% for a down payment for your mortgage doesn't always seem within reach. However, with the right savings plan and a little time, you might surprise yourself.
This blogpost is based on an article from the Toronto Star's Moneyville, exploring why one family decided to wait and save 20% before upgrading to a larger home.
To discuss your mortgage options and what percentage you should save, talk to a qualified Mortgage Broker.