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Mortgage insurance premiums hiked once again

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Canadian Realestate Magazine | 17 Jan 2017, 09:30 AM Agree 0
CMHC announced early Tuesday it is increasing its mortgage insurance premiums effective March 17
  • Dizzy | 17 Jan 2017, 10:34 AM Agree 0
    In other words CMHC is padding their cash reserves so they will not loose money on predicted future defaults. So they make bad investments and then make other people pay for them. Nice deal eh!
  • Howard | 17 Jan 2017, 12:24 PM Agree 0
    The payment chart is confusing . Why does the effect on payment get higher in the tables as the amount of mortgage is getting lower ? Should be the other way around or?
  • Kiki Berg | 17 Jan 2017, 12:27 PM Agree 0
    What will be the premium for the Non-Traditional Downpayment with this new First TIme buyer Mortgage helper program? Hmmm. This program gets MORE expensive by the minute.
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