What is Mortgage Insurance (CMHC Insurance) and How Much Does It

Posted by PropertySold on Jan. 09, 2011

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PropertySold and our Mortgage Agent discuss Mortgage Insurance in Canada. Mortgage Insurances is required if you are buying a home and financing it with a downpayment of less than 20%. If you are buying a home with 5%, 10%, 15%, or any other downpayment less than 20%, you will need to pay for Mortgage Insurance. The CMHC and Genworth are two organizations that provide the insurance

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Tags canada, costs, down payment, genworth insurance, insurance, mortgage, mortgages

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