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Cameron Chambers
  • Specialist
  • Brampton, ON
12
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34
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Is it worth it to save 20%?!

Cameron Chambers
  • Specialist
  • Brampton, ON
Posted May 12 2021, 07:20

This is one of the biggest questions I have that I keep in my mind.

Is it worth it to save 20% to skip out on mortgage insurance? To save for a house in this decade in Ontario is absurd.

Is it a rookie move to put 5% down and pay the mortgage insurance?...should I stick it through for years of saving to then have the money for a 20% downpayment?

Tell me your experience! THANKS

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