If it is the first house, you can get a loan of 70% with a down payment of 30%. The interest rate is the benchmark interest rate.

If it is a second suite, the down payment is 60%, the loan can be 40%, and the interest rate will rise 10%.

The mortgage loan can reach 70%, and the interest rate will rise by 30%~40%.

So it is more cost-effective to make a down payment loan.