Cash is king是真理,但是当你的Cash还没有多到让你成为King时,还是需要信用记录的。起码我就是需要信用记录的人,而且已经被信用记录害惨了。原因就在于我来加拿大后,不习惯用信用卡,消费的上万加币老用debit card。结果,三年了,我在银行的信用记录只有区区二千多块钱的刷卡记录。直接导致我向银行申请的多项服务被拒。
% of down payment doesn't matter if you have or don't have a decent job, if down payment lower than 25% of total property purchase price, a mortgage insurance 1% - 3% of purchase price(depends on the % of down payment)must buy, therefore, the bank is safe enough to grant you mortgage loan.......