A house valued at $288 000 with a down payment of $63 000 will result in an extra charge for a high ratio mortgage.

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A high ratio mortgage is typically required when the down payment is less than 20% of the property value. In this case, the down payment of $63 000 is over 20% of the property value of $288 000, so a high ratio mortgage would not be required and there would be no extra charge.

A House Valued at $288 000 with a Down Payment