July 5, 2020  

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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Hon Wong黃漢豪 Branch Manager
Sales Representative
Direct: (416)399-6533Bus: 905-604-6595
MARKHAM CONDOS
VAUGHAN CONDOS
Markham Rd/Major Mackenzie
Markham
Markham
2022
Markham
2023
Markham
2021
Toronto
Dufferin Street & Centre Street
Vaughan
2022
Jane / Hwy 7
Vaughan
2025
Vaughan
2022

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