Our new finance mInister has brought in new legislation regarding percentages down and mortage rates! For instance a home being bought to live in for yourself in the past the minimum you can put down was zero but having a higher interst rate and going with a fixed insted of variable rate mortage!
Now to buy a home to live in yourself you must be able to put down 10 percent! In order to receive a variable rate mortgage!
For an investment property! I hope you saved your pennies your have to put down 20 % no question!
This isn't too big of a road bump we were planning on putting down 10 or even 15 % on our home!
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