Sentences with phrase «cent down usually»

Homebuyers who put less than 20 per cent down usually require mortgage insurance.

Not exact matches

Financial planners have debated it for years, but from a pure dollars - and - cents perspective the correct answer is usually to pay your mortgage down first.

Anyone who wants to buy a home in Canada without a down payment of at least 20 per cent of the purchase price is usually required to get mortgage loan insurance from the CMHC, which requires a smaller down payment of five per cent on a home worth up to $ 500,000.

Borrowers with less than 20 per cent down are required by law to purchase mortgage insurance, provided usually though the Canada Mortgage and Housing Corporation (CMHC).

Although it usually boils down to dollars and cents, a sales agent and the home seller may be more inclined to go with a buyer whose agent can help glide the deal over the finish line faster.