May 28, 2024  

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)
$
$

  

              Helen Guo
         Sales Representative 
         
       Direct(416) 200-3912
       helenguoca@gmail.com

            

Dream Home Realty Inc., Brokerage
206 - 7800 WOODBINE AVENUE
MARKHAM, Ontario   L3R2N7
Phone(905) 604-6855
Fax: (905) 604-6850

      *We do not represent the builders.   

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Hurontario St & Eglinton Ave
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Hurontario St & Bristol
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Dream Home Realty Inc., Brokerage, Independently Owned & Operated