5 cs of credit: Considering a Purchasing? Know the 5 C's of Borrowing Money
- 08/05/09 08:32 AM
Purchasing a home is a major decision for most people; it represents the single largest purchase they will ever make. So when it comes to qualifying for home financing, what should you know? What is important to the bank? Here are five questions to ask yourself: Capital - How much do you have to put down for the purchase of your new home? The larger the down payment, the less risk you present to the lender. A minimum 5% down payment is normally required to purchase a home in Canada. However, if you have good credit, there are some lenders … (0 comments)
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