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EP8- What is the mortgage Insurance (CMHC)
Manage episode 456988479 series 3624899
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This podcast episode discusses Canadian mortgage insurance, explaining its purpose in protecting lenders and enabling homebuyers with smaller down payments to access loans. It details the main types of insurance: CMHC (government-backed), private mortgage insurance (PMI), mortgage payment protection insurance (MPPI), and mortgage life insurance (LI). The episode also explores factors influencing insurance premiums, such as loan-to-value ratio and credit score, and strongly advocates for seeking professional real estate advice. Finally, the hosts promote their own real estate team's services in the Peel region.
https://www.houseinbrampton.ca/communities/bank-estate-sale-properties/
10 episode
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