• Home
  • Services and Products
    • Mortgage Features
    • Collateral Mortgage Versus Standard Charge Mortgage
    • HomEquity Mortgages
    • Mortgage Refinance
    • Mortgage Renewal
    • Tax Deductible Mortgage
    • Buying your Home
  • Mortgage Calculator
  • Mortgage Rates
  • Contact
  • About
    • About Rachel Cousins
    • The Cousins Team
  • Blog
Rachel Cousins Mortgage Broker
  • Home
  • Services and Products
    • Mortgage Features
    • Collateral Mortgage Versus Standard Charge Mortgage
    • HomEquity Mortgages
    • Mortgage Refinance
    • Mortgage Renewal
    • Tax Deductible Mortgage
    • Buying your Home
  • Mortgage Calculator
  • Mortgage Rates
  • Contact
  • About
    • About Rachel Cousins
    • The Cousins Team
  • Blog

Blog

CMHC increasing premiums effective June 1st

4/7/2015

0 Comments

 
CMHC to Increase Mortgage Insurance Premiums

OTTAWA, April 2, 2015 -- As a result of its annual review of its insurance products and capital requirements, CMHC is increasing its homeowner mortgage loan insurance premiums for homebuyers with less than a 10% down payment. Effective June 1, 2015, the mortgage loan insurance premiums for homebuyers with less than a 10% down payment will increase by approximately 15%.


For the average Canadian homebuyer who has less than a 10% down payment, the higher premium will result in an increase of approximately $5 to their monthly mortgage payment. This is not expected to have a material impact on housing markets.

http://www.cmhc-schl.gc.ca/en/corp/nero/nere/2015/2015-04-02-1605.cfm


Picture
0 Comments



Leave a Reply.

    Author

    Rachel Cousins

    Picture

    Archives

    March 2020
    February 2017
    July 2016
    December 2015
    October 2015
    September 2015
    July 2015
    April 2015
    March 2015
    February 2015
    January 2015

    RSS Feed

    View my profile on LinkedIn
Canadian Mortgage App

Services

Refinance
Mortgage Renewal
Tax Deductible
Choosing a Mortgage

About

About Rachel Cousins
Contact Rachel Cousins
Blog

Financial tools

Mortgage Calculators
Current Mortgage Rates
Establishing a budget
Application Form
Picture
Rachel Cousins - Mortgage Broker working with Mortgage Architects in Nanaimo, Parksville, Nanoose, Qualicum Beach, Port Alberni and central Vancouver Island. Check out the current mortgage rates
Copyright © 2014 - 2020
  • Home
  • Services and Products
    • Mortgage Features
    • Collateral Mortgage Versus Standard Charge Mortgage
    • HomEquity Mortgages
    • Mortgage Refinance
    • Mortgage Renewal
    • Tax Deductible Mortgage
    • Buying your Home
  • Mortgage Calculator
  • Mortgage Rates
  • Contact
  • About
    • About Rachel Cousins
    • The Cousins Team
  • Blog