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What is CMHC Mortgage Insurance?


CMHC Mortgage Insurance is insurance that covers your lender risks associated with financial loss that can occur when a homeowner defaults on their mortgage loan.

CMHC Mortgage Insurance will increase your access to mortgage financing.

The amount of the CMHC Mortgage Insurance premium ranges between 0.65% and 2.75% depending upon how much of the purchase price/home value is financed with a mortgage loan.

CMHC Mortgage Insurance is not to be confused with mortgage life insurance which guarantees that your remaining mortgage at the time of your death will not be a burden to your estate.

 

Apply online using our 30 Second Mortgage Application
http://www.dreyergroup.ca/30-second-mortgage-application/.

or Speak with us TOLL FREE 800.687.9020 throughout BC and Alberta

We are here to help!