6 Ways to Save Down Payment for a Home in Canada
Wednesday, July 27, 2016 4:59
% of readers think this story is Fact. Add your two cents.
Saving down payment for buying a home in Canada can be challenging. However, there are some successful ways to do it. The amount of your down payment will determine whether you’ll have a conventional mortgage or a high ratio mortgage, which must be insured. Saving for your first down payment and accumulating home equity can be a way to build wealth over time.
How to Save for a Down Payment in the GTA?
● Pay Off Your Credit Card
● Save 20%
● Calculate How Much You’ll Need
● Make a Timeline
● Prioritize
● Borrow from Your RRSP
Get better understanding of these down payment saving tips here: http://www.canadalend.com/Blog/best-ways-to-save-for-a-residential-mortgage-in-toronto/
