Our Contest

836 DANFORTH AVE

Toronto, Ontario M4J 1L6

PHONE: 416-461-0925

FAX: 416-461-7802

55 TOWN CENTRE CRT #100

Toronto, Ontario M1P 4X4

PHONE: 416-751-6533

FAX: 416-751-7795

950 MERRITTON ROAD

Pickering, Ontario L1V 1B1

PHONE: 905-831-2273

FAX: 905-420-5455

311 RONCESVALLES AVE

Toronto, Ontario M6R 2M6

PHONE: 416-588-8248

FAX: 416-588-1877

CMHC Calculator


About Mortgage Insurance

Financial institutions are required by law to insure all mortgages with a loan to value ratio of less than 80%. This insurance protects the lender against borrower default.

Note: Provicial Sales Tax (8%) is applicable on mortgage insurance premiums, is due the date of closing, and is not rolled into a mortgage. Mortgage insurance premiums are exempt from the full Harmonized Sales Tax.


Payment Information

$
$

Results

$
$

Mortgage Insurance Providers

CMHC

Canada Mortgage and Housing Corporation (CMHC) is Canada's national housing agency. Established as a government-owned corporation in 1946 to address Canada's post-war housing shortage, the agency has grown into a major national institution. CMHC is Canada's premier provider of mortgage loan insurance, mortgage-backed securities, housing policy and programs, and housing research. More about CMHC can be found at http://www.cmhc.ca

Genworth Financial

GE Mortgage Insurance Canada together, with its related affiliates, is the largest private sector mortgage insurance company in the world and the only private sector supplier of mortgage insurance in Canada. http://www.genworth.ca

Mortgage Insurance Premiums Explained

Mortgage loan insurance premiums are calculated as a percentage of the loan and is based on the size of your down payment. The higher the percentage of the total house price/value that you borrow, the higher percentage you will pay in insurance premiums.

Join Us!

 
 

 

Real Web Solutions