Mortgage default Insurance

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CMHC Mortgage default Insurance

No one wants to inflate a housing bubble by encouraging folks who can’t afford the debt to buy. But many creditworthy first-time homebuyers are paying much more than they should have to for a significant portion of their housing purchase. When it comes to mortgage default insurance, Canadians get little choice and sky high prices, [...]

By |2019-08-28T20:28:24+00:00November 25th, 2013|Economy|0 Comments

BUYING YOUR FIRST HOME; Mortgage Default Insurance

Mortgage default insurance Mortgage default insurance (sometimes called mortgage loan insurance) protects the mortgage lender in case you are not able to make your mortgage payments. It does not protect you. You must pay for mortgage default insurance if your down payment is less than 20% of the purchase price of your home. This is [...]

By |2019-08-28T20:28:27+00:00June 14th, 2013|Mortgage Tips|0 Comments