New Mortgage Insurance Premiums Announced – Again!
Insurance / Lenders

New Mortgage Insurance Premiums Announced – Again!

January 17, 2017 brought the announcement of new mortgage insurance premiums to take effect on March 17, 2017.  This is the 7th set of changes since 2008. These new premiums will affect both CMHC and Genworth NEWLY insured mortgages. Special Note: These new changes affect homebuyers obtaining a new mortgage only. Homeowners with an existing mortgage or those … Continue reading

How does mortgage insurance work?
Downpayment / First Time Home Buyer / Insurance / Lenders / New to Canada / Purchase

How does mortgage insurance work?

If you have a mortgage, you have been offered mortgage life and disability insurance, probably more than once! This is different than the high-ratio mortgage insurance required when you have less than 20% downpayment (Read more on that type of insurance HERE). Whether you went through a bank or worked with an independent Mortgage Specialist … Continue reading