January 22, 2019    中文(简体)   

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.

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* Listing Units and Listing Volume sold by Re/Max KL Homes Realty, Brokerage, from Jan 1, 2017 to Dec 31, 2018. (RE Stats Inc.)
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