Don Ewanovich opening doors to your dreams here in Ottawa

Business: 613-744-2000 Toll Free:  1 - 877 - 744 - 8757 If using the toll free #. Please dial all 11 digits. Email: don@donewanovich.com

CMHC Mortgage Loans
What is CMHC Mortgage Loan Insurance?

Mortgage loan insurance is typically required by lenders when homebuyers make a downpayment of less than 20% of the purchase price. Mortgage loan insurance helps protects lenders against mortgage default, and enables consumers to purchase homes with little or no downpayment — with interest rates comparable to those with a 20% downpayment.

As with any insurance, there are insurance premiums to be paid. The amount of the premium varies and can range between 0.65% and 2.75% depending upon how much of the purchase price/home value is financed with a mortgage loan.

Mortgage loan 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.

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Return to: CMHC Mortgage Loans
or
CMHC Main Menu

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Please note: when using Don's forms please fill out all REQUIRED FIELDS,
or the form will not work.
Thank you.

Don has answers to your questions and more professional tips to make your real estate transaction more pleasurable.
Call or e-mail Don or click on "Ask Your Own Questions."

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Don can send you information on any Property Listed For Sale on the Multiple Listing Service in the Metro HRM area.
If you would like him to help you locate a home, please fill out his Information Request Form.

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Or perhaps you are considering selling your home in the near future,
he can also offer you a Complimentary No Obligation Market Evaluation Form

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