Vancity
Vancity Being a first-time house buyer, your biggest question could be, “How much could I manage to spend money on a house?” At Vancity, we are able to assist you respond to that concern. Below, we’ll glance at crucial affordability facets including the measurements of the deposit additionally the amount of your home loan amortization period (the full time you must repay your home loan in complete). Deposit of 5% to significantly less than 20per cent (high ratio) Whenever you deposit not as much as 20% regarding the home’s purchase price, your home loan is recognized as a high-ratio home loan.