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The Down Payment Run-Down

August 20, 2013

MonsterMortgage.ca Mortgage Expert Kristian Harris talks about a topic that comes up during every mortgage planning discussion – The Mortgage Down Payment.

Mortgage down payments can come in a variety of sizes and from various sources. Many prospective home-owners may not fully understand each of the options available to them for securing a down payment and may not understand how each of these options works.

Here is a short summary of some alternate down payment sources:

GIFTS:

RRSP:

LINES OF CREDIT:

If you have questions about your down payment options and what might work for your mortgage, give us a phone call at 1-877-819-3619 or leave us a contact request here.

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