More down payment, the less defaults

[Jon Klaus]

Yes it's obvious, but I am lookng for specific numbers. For example, what percent of mortgages default with 0 down, 3.5% down, 10% down, 20% down?

Any websites with these stats?

Should there be a mandated minimum down payment for owner occupants?

[Ben Kevan]

Look at how Canada handles home loans. Now look at their default rate. We could definitely learn from them.

Hell, they have a higher home ownership percentage, and yet they aren't able to write off the interest.

Removal of deductions on interest make people more likely to pay it off quickly, which they do in Canada. Not to mention they have variable loans, and not long locks like us. However, if rates go north, they may have to consider locking it for people at an affordable rate, or else they'll get their share of defaults.