When you're calculating the down payment for a home, you want to know the impacts to your future mortgage. In this episode, we talk with Troy Champ, Mortgage Advisor with Mortgage Tree, and see how your down payments affect your mortgage payments, the minimum down payment before a mortgage must be insured and premiums for insured mortgages.
Prefer to read and take notes? See the transcript:
http://stories.brookfieldresidential.com/homebuyersschool/how-does-down-payment-affects-mortgage-payment