Comments on: Cheaper Mortgage Insurance http://www.canadiancapitalist.com/cheaper-mortgage-insurance/ Helping you invest and prosper Sat, 11 Feb 2012 19:27:54 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Hustlermoneyblog.com http://www.canadiancapitalist.com/cheaper-mortgage-insurance/#comment-13320 Hustlermoneyblog.com Sat, 02 Dec 2006 03:11:36 +0000 http://www.canadiancapitalist.com/2006/12/01/cheaper-mortgage-insurance#comment-13320 what about do a 80-15-5 loan? why not just do a 5% down payment to avoid the PMI. what about do a 80-15-5 loan? why not just do a 5% down payment to avoid the PMI.

]]> By: StingyJoe http://www.canadiancapitalist.com/cheaper-mortgage-insurance/#comment-13297 StingyJoe Fri, 01 Dec 2006 22:19:03 +0000 http://www.canadiancapitalist.com/2006/12/01/cheaper-mortgage-insurance#comment-13297 Like you said, the article has introduced legislation that the min downpayment required will be 20% instead of 25%. However, whether or not the bill will pass legislation is another issue altogether. Like most Canadians, I hope the bill does pass. Joe http://www.StingyFinance.com Like you said, the article has introduced legislation that the min downpayment required will be 20% instead of 25%. However, whether or not the bill will pass legislation is another issue altogether. Like most Canadians, I hope the bill does pass.

Joe
http://www.StingyFinance.com

]]> By: Phil S http://www.canadiancapitalist.com/cheaper-mortgage-insurance/#comment-13270 Phil S Fri, 01 Dec 2006 15:33:17 +0000 http://www.canadiancapitalist.com/2006/12/01/cheaper-mortgage-insurance#comment-13270 Who in their right mind would get a mortgage for 100% of the value of their home? The interest rate would likely be so high that your payments would be interest-only! The only circumstance that would make sense would be to buy a relatively inexpensive shoebox condo, but even then, if you can't afford to put anything down, why are you getting one? Rent it! Who in their right mind would get a mortgage for 100% of the value of their home? The interest rate would likely be so high that your payments would be interest-only! The only circumstance that would make sense would be to buy a relatively inexpensive shoebox condo, but even then, if you can’t afford to put anything down, why are you getting one? Rent it!

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