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Excited to buy a house -need help regarding home mortgage

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Excited to buy a house -need help regarding home mortgage  Reply with quote  

Hi Guys,
I'm practicing as a dentist in Ontario. I'm shifting my location near my office and I'm planning to buy a home there. I got married last month.My partner, Mark is doing his research work at the University of Toronto.
I'm planning to Purchase the house for home loan mortgage. We are going to a house with ample area and balconies and surrounding land to set up a beautiful Garden. Our parents will join us on the weekends and it will be fun to have our dear ones around. Mark suggested me to opt for home lone mortgage in Ontario.( https://www.butlermortgage.ca/mortgages/purchase/first-time-home-buyers/ )
There are some doubts to be clarified regarding the purchase of the home loan.
What would be the minimum down payment required for a home mortgage?
Is there insurance provided with mortgage loan?
What are the prescribed interest rates and how it is calculated?
Please share your suggestions on this matter.
Post Thu Apr 26, 2018 5:10 am
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Post Fri Apr 27, 2018 5:17 am
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