YES Mortgage Insurance Is Up For High Ratio Borrowers

bulletan - CMHC increase Apr 2 2015

Effective June 1, 2015, the mortgage loan insurance premiums for home buyers with less than a 10% down payment will increase by approximately 15%.

However, there are other ways a home buyer can structure their financing and avoid the high ratio insurance as well as the higher payments that result from a 25 year amortization.

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