# @jessicachanteamyyc on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/CPoIiUBDM5I
- **Gondola URL:** https://gondola.cc/posts/2716339-jessicachanteamyyc-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/868362d646.jpg
- **Posted:** 2021-06-02T18:00:36.000+00:00
- **Account Owner:** Jessica Chan Home Selling Team | Calgary Realtor (@jessicachanteamyyc) — https://gondola.cc/jessicachanteamyyc

## Caption

JC Real Estate Glossary 🔎 - Down Payment 🚨Buyers Alert!🚨
For first time home buyers, down payment is one of the biggest obstacles in the process of buying a home! The down payment is calculated as a percentage of the total purchase price. 

Here are the minimum down payment requirements to qualify for a mortgage, 

For homes priced below $500,00 ➡️ 5% down payment required
For homes prices between $500,000 and $999,999 ➡️ 5% of $500,000 + 10% of the remaining amount is required. 

If you have any 🔥 burning questions about real estate, thinking of buying or selling a home? Call or Text us today at 403-241-9800! We would love to help with your real estate needs! 

For upcoming #yyc listings, stay tuned and Follow @jessicachanremaxyyc! 

Source: RECA, remax.ca
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Jessica Chan & Associates 
📲 403-241-9800 
📧jessica@jessicachan.ca 
✨Top 10 Real Estate Agents in Calgary 
✨We care and listen to your needs. 
🏡 www.jessicachan.ca 
RE/MAX Real Estate Mountain View 
 
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- **Likes:** 6
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## Tags

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