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British Columbia Mortgage Broker reveals How much down payment do you need to buy a house?

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Ok, today we are going to talk about how much down payment you need to buy a house…A down payment is the money you pay upfront when you make a large purchase, like a house. It represents your initial ownership stake in the home, while the lender provides the rest of the money. Generally, making a larger down payment results in a lower interest rate, lower fees, lower monthly payments, and more equity in your home from the start. But with today’s real estate prices, down payments can be expensive. Here are some of your down payment options… If you're looking for a top-notch Mortgage Broker in Surrey, call us at (778) 878-5350.

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