High Ratio Mortgage vs Conventional Mortgage - TD Bank Canada

High Ratio Mortgage vs Conventional Mortgage – TD Bank Canada



should i buy now or should I wait and save more solemnity if i want to buy now i have ten percent for a down payment and since that's below twenty percent i need to pay for mortgage default insurance which means i would be paying a premium to the insurer or I could wait a little longer save up until I have a twenty percent down payment so I wouldn't need to pay for mortgage default insurance and my mortgage payments would be lower either way as I pay down my mortgage I could look to use the equity I've built in my home for improvements in the future by now or wait I need to decide what works for me

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