I looked up on CMHC website, the premium table mentions the following for 20% down. I believed that one does not need mortgage insurance with 20% down. Any thoughts from real estate & mortgage experts on CD.
http://www.cmhc-schl.gc.ca/en/co/moloin/moloin_005.cfm
With 20% down, Up to and including 80%
Single Advance Premium(% of Loan)1.00%
Does any one has the latest revision of CMHC Mortgage Loan Insurance Premiums Table?
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4z4z
Quote:
Originally posted by 4z4z
I looked up on CMHC website, the premium table mentions the following for 20% down. I believed that one does not need mortgage insurance with 20% down. Any thoughts from real estate & mortgage experts on CD.
http://www.cmhc-schl.gc.ca/en/co/moloin/moloin_005.cfm
With 20% down, Up to and including 80%
Single Advance Premium(% of Loan)1.00%
Does any one has the latest revision of CMHC Mortgage Loan Insurance Premiums Table?
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Pramod Chopra
Senior Mortgage Consultant
Mortgage Alliance Company of Canada
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