What is CMHC Mortgage Loan Insurance?

Author: External Author | | Categories: Commercial Mortgage , Mortgage Broker , Mortgage Industry , Mortgage Pre-Approval , Mortgage Refinance , Mortgage Renewal

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CMHC mortgage loan insurance lets you get a mortgage for up to 95% of the purchase price of a home. It also ensures you get a reasonable interest rate, even with your smaller down payment. Mortgage loan insurance helps stabilize the housing market, too. During economic slumps when down payments may be harder to save, it ensures the availability of mortgage funding.

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Original Article Source Credits: Canada Mortgage & Housing Corporation, https://www.cmhc-schl.gc.ca/

Article Written By: NA

Original Article Posted on: NA

Link to Original Article: https://www.cmhc-schl.gc.ca/en/buying/mortgage-loan-insurance-for-consumers/what-is-mortgage-loan-insurance



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