AMPC Designation Practice Questions - Accredited Mortgage Professional Of Canada Designation Exam

Which of the following is an *unacceptable* source for a down payment for a high-ratio insured mortgage in Canada?

Gift from an immediate family member. Funds from the sale of another property. RRSP Home Buyers' Plan withdrawal. Unsecured personal loan.

Correct Answer:

Unsecured personal loan.

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