Ontario Mortgage Professional reveals Why you need cash reserves to buy a home…

⁣⁣⁣Ok, today we are going to talk about what cash reserves are and why you need them to buy a home… When buying a house, most people only think about saving enough to cover a down payment and closing costs. But lenders like to see more than that. Borrowers who have additional “cash reserves” are considered lower risk and are more likely to be approved for financing at the lowest possible rate. So, what are “cash reserves” and how can they benefit you? Take a look… ⁣⁣If you're looking for a top-notch mortgage professional in Toronto, call us at (866) 492-4024.