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Wednesday 14 December 2011

Mortgage: What Is CMHC Mortgage Loan Insurance?

1/ CMHC=Canada Mortgage Housing Corporation.

2/ Mortgage Loan Insurance protects home buyers from mortgage default.

3/ A mortgage with down payment from 5% to 19% requires Mortgage Loan Insurance.

4/ Mortgage Premium will be added to the mortgage and included in the monthly or weekly mortgage payments.

5/ Mortgage Loan Insurance is completely different from Mortgage Life Insurance.

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I am a realtor specializing in the residential properties in the Greater Vancouver, British Columbia. I have been awarded with 15 years top achievement Medallion Award by the Greater Vancouver Real Estate Board.