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
Our mortgage office have been proudly servicing Toronto, Brampton, Mississauga and the Greater Toronto Area residents with mortgage solutions since 2012. Our goal is to educate you, work with you to remove road blocks to help you reach your financing goals.
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Brampton Mortgage Broker
Principal Broker Lic # M12000660
The Mortgage Centre – Hard Money Approvals – 12880