Cell: 778 549 0331 | Fax: 877 688 9994
[email protected]
Offices located in Chilliwack and Abbotsford.
Nathan JanzenNathan JanzenNathan JanzenNathan Janzen
  • HOME
  • ABOUT US
  • SERVICES
    • Purchasing
    • Refinancing
    • Renewing
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    • Mortgage Application
    • 2 Minute Application
  • MORTGAGES 101
    • Mortgage Calculator
    • Buying Your Home With Less Than 20% Down
    • Cash Back Mortgages
    • Closing Costs
    • Glossary of Mortgage & Economic Terms
    • Introduction To The Pros
      • Appraiser
      • Builders Representative
      • Home Inspections
      • Mortgage Advisor
      • Mortgage Lender
      • Realtor
      • The Lawyer
    • Mortgage Features
    • Mortgage-Free Faster
    • Refinancing a Mortgage in Canada
    • RRSP Mortgage
    • Switching / Renewing
    • Types of Mortgages
  • BLOG
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Buying your home with less than 20% Down

When you are purchasing a home you have the option to put as little as 5% down.

All mortgage that are above 80% of the purchase price must be insured with mortgage insurance under The Bank Act with CMHC, GE Capital or Genworth insurance. All the insured programs have credit score and debt servicing requirements that are carefully reviewed. In some cases, there are programs that allow for a 95% mortgage and the balance of the down payment borrowed from another source. This has a higher premium and is only available in certain cases.

You are allowed to include the insurance premium on your mortgage.

Having the mortgage insurance program available has really allowed getting into a home easier and sooner.

Copyright 2016 Nathan Janzen | Website Powered By One Yellow Tree drake-entrustdominon-logo
  • HOME
  • ABOUT US
  • SERVICES
    • Purchasing
    • Refinancing
    • Renewing
    • Commercial
    • Agriculture
    • Mortgage Application
    • 2 Minute Application
  • MORTGAGES 101
    • Mortgage Calculator
    • Buying Your Home With Less Than 20% Down
    • Cash Back Mortgages
    • Closing Costs
    • Glossary of Mortgage & Economic Terms
    • Introduction To The Pros
      • Appraiser
      • Builders Representative
      • Home Inspections
      • Mortgage Advisor
      • Mortgage Lender
      • Realtor
      • The Lawyer
    • Mortgage Features
    • Mortgage-Free Faster
    • Refinancing a Mortgage in Canada
    • RRSP Mortgage
    • Switching / Renewing
    • Types of Mortgages
  • BLOG
  • CONTACT US
Nathan Janzen