March 22, 2018    中文(简体)   

CMHC Default Insurance (CMHC Mortgage Loan Insurance)

CMHC default insurance is required for every mortgage with a down payment between 5% and 19.99%. It is an insurance product that protects lenders in case the home owner defaults on their mortgage.

For CMHC-insured mortgage loans, the maximum purchase price or as-improved property value must be below $1,000,000.
Please note that CMHC default insurance rates for self-employed, non-verified income, portability and refinance will be higher.

Years (Maximum 25 Years)


Central Toronto
8 Sampson Mews, Suite 201
Toronto, Ontario, M3C 0H5
Tel: 416.443.0300
30 Eglinton Ave. W., Suite 201,
Mississauga, Ontario, L5R 3E7
Tel: 905.568.2121
154 Bathurst Street,
Toronto, Ontario, M5V 2R3
Tel: 416.205.0355


ROYAL LePAGE Signature Realty, Brokerage, Independently Owned & Operated