CMHC - CMHC provides mortgage loan insurance that enables you to buy a home sooner with a minimum down payemnt of 5%.
If you are new to home ownership, chances are you may not know what CMHC is however it is a significant factor when establishing your budget and additional expenses that come with all the benifits of home ownership.
To find out more about CMHC please contact me and visit www.cmhc.ca
CMHC Insurance Premiums
5% Down Payment = 2.75%
10% Down Payment = 2%
15% Down Payment = 1.75%
20% Down Payment = NO PREMIUM