Mortgage Loan Insurance Windsor Real Estate
What is CMHC Mortgage Loan Insurance? Compliments of www.cameronpaine.com Mortgage loan insurance is typically required by lenders when homebuyers make a down payment of less than 20% of the purchase price. Mortgage loan insurance helps protect lenders against mortgage default, and enables consumers to purchase homes with a minimum down payment of 5% — with interest rates comparable to those with a 20% down payment. To obtain mortgage loan...
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