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There are currently three Mortgage Insurers in the Canadian Market allowing Canadians the dream of Home Ownership with as little as zero down.
Mortgage insurance is NOT the same as Mortgage LIFE Insurance (please visit the Mortgage Life Insurance for further information on that program)
Required if you are contributing between 0% and 25% of the value of the property as the down payment.
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www.genworth.ca |
To discover which Genworth Product would best suit your individual needs, click here to go to Genworths Product Selector Page. |
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www.cmhc.ca |
Click here to access the CMHC Home Buying Step by Step Guide |
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www.aigug.ca |
To opt in for Product Updates, please click here. For a list of AIG Products and their details, here is a PDF document for you to download
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Below is an Example of Insurance Premiums. These are similar across the board with all insurers, although they can change without notice*
Loan Size
(% of Lending Value) |
Single Advance Premium
(% of Loan) |
Up to and including 65% |
0.50% |
Up to and including 75% |
0.65% |
Up to and including 80% |
1.00% |
Up to and including 85% |
1.75% |
Up to and including 90% |
2.00% |
Up to and including 95% |
2.75% |
Up to and including 95% |
2.90%
(Flex Down Program Only) |
Up to and including 100% |
3.10% |
Extended Amortizations |
Add .20% for every
5 years over 25 years |
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