Why wouldn’t I just get a 90% mortgage? How does Landed compare?

A 90% or larger mortgage can be very costly. Your monthly payments will be larger because you are paying off a larger loan, and you'll likely need to pay mortgage insurance.

There are a number of programs that allow you to take out a 90% or larger mortgage, although in many high-cost markets these programs may be less readily available.

We encourage all buyers to explore their options. A 90% mortgage can be a great option, but it can also be very costly. Not only will your monthly payment be higher because you’re paying off a larger loan (usually at a higher interest rate!), but you’ll likely need to pay mortgage insurance, which can cost hundreds of dollars each month. In addition, taking on a larger mortgage means taking on more risk. If property prices adjust even a little bit, you might lose your entire investment.

Our customers prefer the combination of Landed and a mortgage, to a large mortgage alone.