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DOWN PAYMENT

How much down payment do I need?

Down payment When purchasing your primary residential home - In Canada, 5% of the purchase amount...

Can I use gifted funds for my down payment?

Gifted down payment Yes. If your family is gifting you some or all of your down payment, you can ...

Does my deposit count toward my down payment?

Deposit Yes. A deposit is a financial commitment towards the purchase of a home. The deposit you ...

When does the gifted down payment get transferred to the borrow?

Gifted Down Payment Transferring gifted down payment can go very smoothly if done correctly. It c...

What documentation do I need to confirm my down payment?

show us the money When a lender is reviewing down payment, they must see the money has been sitti...

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