high ratio mortgages: What Are High Ratio Mortgages And How Does It Work? - 06/04/08 02:46 AM
Are you looking to buy a home? If you are than you need to know about high rate mortgages. This is how most people will have to buy their home because most people don’t have the money needed for a down payment that will let them get the lower rates. Do you know what the definition of a high ratio mortgage is? High ratio mortgages are when you get a loan that covers more than 80% of the value of the property you have mortgaged, in other words the loan value to the home value ratio is higher. When you buy … (0 comments)

 

Mary Anne Murphy

Whitby, ON

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Royal Lepage Frank Real Estate., Brokerage

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