03
Mar
brokers, client, CMHC, construction, debt, debts, homebuyer, homeowner, investment, lender, lending, loan, mortgage, premium, properties, rates, refinance
CMHC New Premium – Adam Jardine
As some of you know, on February 28th CMHC increased its Mortgage Insurance Premium. Here’s what it will mean to you when purchasing a home with a 5% down payment: Loan Amount (Purchase Price) $150,000 $250,000 $350,000 $450,000 Current Premium $4,125 $6,875 $9,625...