While it may seem like simple math, the truth of the matter is there are various factors to consider when estimating your monthly mortgage payment. While having a minimum of 5% down used to be the basic requirement, many people are entering the home buying market later in life in comparison to a few decades ago. While it seems sensible that entering the market with a 10 to 20% downpayment will automatically save you thousands of dollars, this isn’t always the case. John Antle Mortgages in Kelowna can help you negotiate the best terms and explain all of the fine print.
Source: John Antle Mortgage Broker
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