March 19, 2018  

CMHC Default Insurance (CMHC Mortgage Loan Insurance)

CMHC default insurance is required for every mortgage with a down payment between 5% and 19.99%. It is an insurance product that protects lenders in case the home owner defaults on their mortgage.

For CMHC-insured mortgage loans, the maximum purchase price or as-improved property value must be below $1,000,000.
Please note that CMHC default insurance rates for self-employed, non-verified income, portability and refinance will be higher.

Years (Maximum 25 Years)

nadlan_realty_brokerage-toronto-vaughan                                                    Michael_Tepper-real-estate-broker-toronto-and vaughan

 NADLAN Realty Ltd., Brokerage

7608 Yonge St. Unit 529 Thornhill

Ont, Canada L4J 0J5

Office: 647-476-3076

Direct: 647.746.6300

Fax: 416-900-0301

 קשר מישראל  03-374-6303 אתר בעברית

Michael Tepper B.Sc. ; B.Ed.
Real Estate Broker
NADLAN Realty Ltd., Brokerage  
Cell: 647-746-6300

Nadlan Realty Ltd., Brokerage, Independently Owned & Operated