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Tue, Jun 19th, 2012, 10:19 AM #10
Hello everyone.....I am looking at purchasing a second home (for my parents to live in) and I am wondering what the downpayment is that is required. I understand that since I will not be living in the home, instead renting it out, that the property taxes will increase but I am not sure of the downpayment on a second mortgage. Any thoughts?
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Tue, Jun 19th, 2012, 01:46 PM #2Senior Canuck
- Join Date
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I believe it's 20%, but double check that.
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