Agent Blogs
Cory Kline, AMP
Mortgage Agent
CMHC Premiums Increasing June 1,2015
Updated Friday, April 10, 2015
Views (6822)
Drawing conclusions: Will new CMHC premiums raise your mortgage payments?
Preet Banerjee
Published Monday, Apr. 06 2015, 11:23 AM EDT
Canada Mortgage and Housing Corporation issues mortgage loan default insurance. The federal housing agency recently announced that as of June 1, 2015, it was boosting the premium rate on highest-risk mortgages. That means borrowers who have a down payment of less than 10 per cent will be paying 15 per cent more.
Full Article from The Globe and Mail
Cory Kline, AMP
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