How much do I need for a down payment?

Mortgage insurance products allow home buyers to put as little as 5% down payment on a home. We can help you decide how much of a down payment you’ll need. Your down payment can come from savings, RRSPs, home equity or a financial gift provided by a family member. Qualified borrowers may be eligible to borrow their down payment from a source that is at arm’s length, meaning neither of the involved parties has any interest in the transaction’s consequences to the other party.

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