What percentage down payment?

What percentage down payment?

What percentage down payment?

What is a minimum down payment

Purchase price of your homeMinimum amount of downpayment
$500,000 or less5% of purchase price
500 $0,9995% of the first $500,000 of the purchase price 10% of the remainder of the purchase price that exceeds the first $500,000

Why go through CMHC?

Benefits. Mortgage Loan Insurance CMHC allows you to obtain a mortgage loan of up to 95% of the purchase price of a home. It also gives you access to a reasonable interest rate, even with a small down payment.

How to buy a mobile home?

Buying or selling a mobile home is a rare specialization. This type of transaction requires in-depth knowledge of this area of ​​law. Buying and Selling Unlike conventional real estate transactions, there is no public registry to register the owner of a mobile home.

How does a mobile home sale work?

We verify the identity of the parties, the quality of the title of the seller, the regulations attached to the land where the mobile home is located, the municipal and school taxes and we pay, from the sale price, the debts affecting the property sold.

What are the risks of buying a mobile home?

Buying and Selling Unlike conventional real estate transactions, there is no public registry to register the owner of a mobile home. This type of transaction is little regulated, which increases the risks accordingly.

How do I register a mobile home owner?

Unlike conventional real estate transactions, there is no public registry to register the owner of a mobile home. This type of transaction is little regulated, which increases the risks accordingly.