Help - Downpayment

New mortage
Enter your downpayment. Generally, a mortgage requires a minimum downpayment of 20% of the cost or market value of the property, whichever is lower. If your downpayment is less than 20% of the property purchase price, the mortgage has to be insured by Canada Mortgage and Housing Corporation (CMHC) or Genworth Financial Canada. Your downpayment can come from liquid assets taken from your savings accounts, RRSPs, deposit certificates, savings bonds, gifts, land (if you are the owner), etc.

Mortgage renewal
Enter 0 or leave the field blank for a mortgage renewal.