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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
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Default Reminder- CMHC increases insurance premiums

Just a reminder that effective May 1st premiums are rising.
http://bit.ly/1jFHwhl
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
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Dan Faubert
Ottawa-Carleton Mortgage Inc.
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