{"id":2654,"date":"2010-12-22T10:14:00","date_gmt":"2010-12-22T15:14:00","guid":{"rendered":"http:\/\/www.zoocasa.com\/blog\/what-kind-of-down-payment-do-i-need-to-buy-a-home\/"},"modified":"2020-02-17T20:39:46","modified_gmt":"2020-02-18T01:39:46","slug":"what-kind-of-down-payment-do-i-need-to","status":"publish","type":"post","link":"https:\/\/www.zoocasa.com\/blog\/what-kind-of-down-payment-do-i-need-to\/","title":{"rendered":"What kind of down payment do I need to buy a home?"},"content":{"rendered":"<p><b>Ask the Pros Question of the Week: <\/b>What kind of down payment do I need to buy a home?<\/p>\n<div><a href=\"http:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/blogger\/_9syP1Pp2HkA\/TRIVw89YGYI\/AAAAAAAAABs\/CKi88BkK1MY\/s1600\/save-up-very-large-down-payment.jpg\"><img loading=\"lazy\" decoding=\"async\" alt=\"\" src=\"http:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/blogger\/_9syP1Pp2HkA\/TRIVw89YGYI\/AAAAAAAAABs\/CKi88BkK1MY\/s320\/save-up-very-large-down-payment.jpg\" width=\"222\" height=\"320\" border=\"0\" \/><\/a><\/div>\n<p><i>Answer: <\/i><\/p>\n<p>You need at least 5%, but you&#8217;re in a much better position if you can put down 20%.<\/p>\n<p>Remember that a deposit is different from down payment. The deposit accompanies the offer (and this is negotiable &#8211; but 5% is a great number). The downpayment is the amount you put down on the house pre-mortgage. It includes your deposit money.<\/p>\n<p>See more <a href=\"http:\/\/www.zoocasa.com\/en\/location\/31295-Glenwood-Toronto-Ontario\/questions\/80-What-kind-of-down-payment-and-what-is\">Answers<\/a> to this question.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ask the Pros Question of the Week: What kind of down payment do I need to buy a home? Answer: You need at least 5%, but you&#8217;re in a much better position if you can put down 20%. Remember that a deposit is different from down payment. The deposit accompanies the offer (and this is [&hellip;]<\/p>\n","protected":false},"author":27,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"footnotes":""},"categories":[76],"tags":[],"class_list":["post-2654","post","type-post","status-publish","format-standard","hentry","category-buying-a-home"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What kind of down payment do I need to buy a home? | Zoocasa Blog<\/title>\n<meta name=\"description\" content=\"Ask the Pros Question of the Week: What kind of down payment do I need to buy a home? 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