CMHC raises premiums - Tips from your local South Surrey/White Rock Realtors
February 28th, 2014
CMHC (Canada Mortgage and Housing Corporation) announced today that they will be raising the insurance premiums in order to insure mortage loans by up to 15% depending on how much money a Buyer has to put down on their mortgage.
Many home Buyers only have 5-10% to put down on their mortgage, unless they have a 20% downpayment then they will need to have their mortgage insured by 1 of the 3 mor ...