So for 5% down, you have to pay 4% in mortgage insurance fees, which means that once you subtract the mortgage insurance from your down payment, you actually only have 1% net equity in your house, then, don't you?
January 21st, 2022 / 12:40 p.m.
Conservative
Pierre Poilievre Conservative Carleton, ON
So for 5% down, you have to pay 4% in mortgage insurance fees, which means that once you subtract the mortgage insurance from your down payment, you actually only have 1% net equity in your house, then, don't you?
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