In today’s market, saving that elusive 20% downpayment that our parents have all encouraged us to do may no longer be solid advice. Why you ask, well let us break it down for you…
In this video, Surrey real estate Specialist, Steve Karrasch of Macdonald Realty explains why saving up a 20% downpayment in today’s rising rate environment, will not get you ahead, in fact, the 20% downpayment may not even get you the best rate anymore and why it may be time for your to stop saving your down payment.
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The opinions expressed herein are solely that of Steve Karrasch PREC and not Macdonald Realty or the FVREB and should not be misconstrued as advice or the basis of an agency relationship whatsoever. Please consult your professional advisor prior to taking action on any decisions relating to the matters discussed in these videos. This communication is not intended to cause or induce breach of an existing agency agreement.
