CMHC MAKES IT HARDER TO QUALIFY FOR AN INSURED MORTGAGE
Posted by: Tracy Luciani Price
Once again, the Canadian Mortgage and Housing Corporation (CMHC) is tightening the criteria to get a mortgage with less than a 20% down payment. Any potential home buyer with less than a 20% down payment must purchase default insurance on their loan and have a minimum down payment of 5%. CMHC is a federal Crown Corporation […]
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