Monday Mailbag – Minimum Downpayment

Feb 18, 2019

Welcome to Today’s Monday Mailbag!

Hi! I’m Shannon Sullivan from RE/MAX Escarpment and today’s Monday Mailbag is “How much do I need to save for a downpayment on a house?”

The minimum amount you will need for a downpayment depends on the purchase price of the house you’d like to buy.

If the purchase price is $500,000 or less, you’re going to need a minimum of 5% down.

Give the trusted Hamilton Mortgage Agents at Mission35 Mortgages a call today to get pre-approved!