August 21, 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.

$
%
or
$
Years (Maximum 25 Years)
$
$
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NADLAN Realty Ltd., Brokerage

7608 Yonge St Unit 529

Thornhill ON, Canada L4J-0J5

Office: 647.476.3076


מישראל  03-374-6303

www.nadlan.ca

www.torontonadlan.com 

www.nadlans.ca אתר בעברית

 

 

Michael_Tepper-real-estate-broker-toronto-and vaughan
Michael Tepper B.Sc.; B.Ed.
Real Estate Broker  |  Mortgage Broker

Nadlan Realty Ltd., Brokerage, Independently Owned & Operated