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Old 2014-04-21, 03:50 PM
MortgageGuy MortgageGuy is offline
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Join Date: Jul 2008
Location: Ottawa, Ontario
Posts: 1,104
Default Reminder- CMHC increases insurance premiums

Just a reminder that effective May 1st premiums are rising.
So with 5% down payment, the premium will rise from 2.75% to 3.15% on the amount of mortgage being borrowed. The premium can still be added to the amount being borrowed. See the link for full details.
Have a great week,
Dan Faubert
Ottawa-Carleton Mortgage Inc.
Brokerage Licence # 10419
"Great Mortgage Rates"

613-222-2624 anytime
Off 613-563-5070
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