This used to be true, but you are now required to pay down the loan by law. Restrictions are the following: - Maximum loan is 85% of property value (min down p

This used to be true, but you are now required to pay down the loan by law. Restrictions are the following: - Maximum loan is 85% of property value (min down payment 15%) - Annual pay down 2% until at 75% of property value - Annual pay down 1% until at 50% of property value - An additional 1% annual pay down if you have borrowed more than a multiple of your annual income (either 4.5x or 5.5x, can't remember exactly) Used to be that you just borrowed 100% and paid down nothing, kind of absurd to be honest.