Forced to Get Mortgage Insurance even with 20% Down... // First time Home buying process.

Emily and I are trying to buy a home to turn into a modern homestead with the goal of self-sufficiency. We found a property we like in Ontario that is perfect for a permaculture food forest. But to buy it we need a mortgage and with a mortgage sometimes they want mortgage insurance which is pretty much a scam to tax poor people when you think about it. My idea to avoid it was to put 20% down, (even though as a first time home buyer in Canada you can put as low as 5% down) However the Banks said you know what... because this property is rural we want mortgage insurance anyway. So wack! so anyway I talk about the pros and cons of us putting 10% down or 20% and I also talk about some other things but you will have to watch the video to hear that.

Interested in vanlife and sick of fakers making fake vlogs? Watch ours cause we REAL!
https://www.youtube.com/watch?v=3ylG87zyD2U&list=PLoFH8Ldz6CgnuxldKS4kKv981PTZTsQVR&index=3&t=0s

Patreon
https://www.patreon.com/ForrestStevens

Thank you to current Patreons!
Jamie Francis, Stephanie Bird, Renay Emond, and Andreia Aierdna.

Follow us on Instagram!
https://www.instagram.com/forrestthefilmmaker/
https://www.instagram.com/theogslumberqueen/

Follow Forrest on Twitter!
https://twitter.com/highforrest