Скачать или смотреть What is Default Mortgage Insurance

🏡 What is a Default Mortgage Insurance Premium?

If you're putting less than 20% down on a home purchase in Canada, you're required to pay mortgage default insurance (also known as CMHC, Sagen, or Canada Guaranty insurance). This protects the lender in case you’re unable to make your mortgage payments.

💡 The premium is a one-time cost, calculated as a percentage of your mortgage amount, and is usually added to your mortgage—not paid upfront.
In this video, I break down how it works, who it applies to, and what it means for your monthly payments. Don't miss it if you're planning to buy a home with a smaller down payment!

📣 Have questions about your mortgage options or how to minimize your premium? Let’s talk!

🙎‍♀️ Jaspreet Bansal, Mortgage Professional
📱 204.998.1636
🙎‍♂️ Gurpreet Bansal, Mortgage Professional
📱 204.963.3636

📧 [email protected]
🌎 www.jaspreetbansal.ca

#mortgage #mortgagebroker #dlcmainstreamcommunity #mainstreammortgages #dlcmainstreammortgages #mainstreamcommunity #firsttimehomebuyer #homebuying #homeownership #realestate #affordablehousing