Search Results for "#mortgage"
Q.
What is the minimum deposit I can put down to qualify for a mortgage?
A.
We do have lenders who will lend with only a 5% deposit although you should be aware that the higher % deposit you put down the lower the interest rate will be. Interest rates change over each 5% bracket until you get to 35% deposit. It is worth noting also that lender criteria can be stricter with only 5% deposit and their credit scoring system can be harder to pass.
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