Читать книгу Complete Home Buyer's Guide For Canada - Geraldine Santiago - Страница 34
Can I take out a loan to cover the down payment?
ОглавлениеA down payment must come from the buyer’s own resources in order to satisfy CMHC guidelines. The lender needs to ensure that the down payment comes from a non-borrowed source, such as savings, an RRSP, or a “gift” or inheritance from your family. Some lenders require a letter from your family confirming that “gift” monies are intended to be used as a down payment.