Contact Me

Iris Khodkar & Evelyn Lee Sales Representatives
RE/MAX West Realty Inc., Brokerage Independently owned and operated
10-1118 Centre Street
Thornhill, Ontario   L4J7R9

Office 905-731-3948Toll Free 1-866-787-1629

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About Mortgage Insurance

Financial institutions are required by law to insure all mortgages with a loan to value ratio of less than 80%. This insurance protects the lender against borrower default.

Note: Provicial Sales Tax (8%) is applicable on mortgage insurance premiums, is due the date of closing, and is not rolled into a mortgage. Mortgage insurance premiums are exempt from the full Harmonized Sales Tax.


Mortgage Insurance Providers

CMHC

Canada Mortgage and Housing Corporation (CMHC) is Canada's national housing agency. Established as a government-owned corporation in 1946 to address Canada's post-war housing shortage, the agency has grown into a major national institution. CMHC is Canada's premier provider of mortgage loan insurance, mortgage-backed securities, housing policy and programs, and housing research. More about CMHC can be found at www.cmhc.ca

Genworth Financial

GE Mortgage Insurance Canada together, with its related affiliates, is the largest private sector mortgage insurance company in the world and the only private sector supplier of mortgage insurance in Canada. www.genworth.ca

Contact Me

Iris Khodkar & Evelyn Lee Sales Representatives
RE/MAX West Realty Inc., Brokerage Independently owned and operated
10-1118 Centre Street
Thornhill, Ontario   L4J7R9

Office 905-731-3948Toll Free 1-866-787-1629