How to Avoid CMHC Fees (or Should I Care)?
Last updated September 22, 2023 The current law in Canada requires residential mortgages with less than 20% down payment be CMHC-insured against borrower default. The insurance premiums can be in the tens of thousands of dollars, and many prospective buyers wonder how to or if they can avoid CMHC fees. This article explores the costs and benefits of CMHC mortgage default insurance to determine its significance. In summary, mortgage default insurance allows you to stop dreaming and start doing!
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