What down payment ???? to make? 5% vs 20%
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What down payment should you make if you buy a real estate property? Should you go with 5% or 20% down payment? In this video, I present the advantages and disadvantages of these 2 scenarios (5% vs 20%) in addition to giving you the total financial cost of a house over 25 years. ** Interest rates have gone up a lot since this video was filmed, but the mechanics remain the same. The total costs are adjusted upwards with the cost of money (interest rate) which has also gone up a lot recently. ** ================================== ⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️ ???? Would you like to organize a meeting to discuss the sale or purchase of a property? ☎ Call me: 450-328-4699 ???? Write to me: https://bit.ly/gabriel-laflamme-ecriv... ================================== The down payment (chapters) 0:00 Which of the 2 avenues to choose when purchasing a property: 5% or 20% down payment 0:34 Buying with a 5% down payment allows you to buy more quickly by paying for CMHC insurance 1:10 Buying with a 5% down payment allows you to invest your excess cash in other types of investments 1:37 What is a CMHC-insured loan? 2:37 The advantage of buying with a 20% down payment: you don't pay the CMHC premium 3:08 The disadvantage of buying with a 20% down payment: a good portion of your cash is tied up in the property 5:02 A case study to present the 2 avenues (5% or 20%) 5:56 5% down payment scenario: the costs associated with buying a $400,000 property 8:01 20% down payment scenario: the costs associated with buying a $400,000 property 9:00 How much does a house cost over 25 years? 10:43 Which of the 2 options is better for you? 5% or 20% down payment? ===== ▶ Subscribe to my channel for more content: / @gablaflamme ===== If you want to sell or buy a property, I would be happy to assist you and put my experience and my team at your disposal. I invite you to call me or send me an email and I will be happy to answer your questions and organize a first meeting in person or by Zoom. I assure you, I hate pressure, so have no fear, my goal is first to establish a relationship of trust with you and to evaluate how I can help you in your transition. ☎ Call me: 450-328-4699 ???? Write to me: https://bit.ly/gabriel-laflamme-ecriv... #realestatelaval #realestatemontreal #homeforsale #realestate #realestatebroker #livingincanada #livinginquebec #realestate2022
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