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Tag: High Ratio Mortgages
17
Jun
High-Ratio Mortgages
A high ratio mortgage is when the borrower has a down payment of less than 20% of the property’s total price. This is also known as a loan to value (LTV) of more than 80%. For a home priced $500,000 or less, a down payment of 5% should be made, and this goes up to 10% on any amount over
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Jaspreet Dhugga
Brampton Mortgage Broker
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