I have an older friend who was looking for a retirement home in Florida and the banks down there were asking for a minimum of 40% downpayment.
That was interesting to me since I didn't know that (and awesome if it eventually happens in Canada).
PS: Just listened to a video from Yahoo! Finance that mentioned that some state banks are asking for 50% down. Wow that would be such a different world...
That was interesting to me since I didn't know that (and awesome if it eventually happens in Canada).
PS: Just listened to a video from Yahoo! Finance that mentioned that some state banks are asking for 50% down. Wow that would be such a different world...
