Insured Mortgages | What You Need to Know About CMHC Premiums

"Remember: without mortgage insurance you may avoid the insurance premium but you’ll typically pay much higher interest rates and additional administrative fees. At the end of the day, for the vast majority of borrowers, the cost of CMHC Mortgage Loan Insurance is more than fully offset by the savings achieved.” Source: CMHC website.

Learn more in this video. Knowledge is power!

Links to the webpages shown in the video: https://www.cmhc-schl.gc.ca/professio...

https://www.cmhc-schl.gc.ca/consumers...

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