Mort­gage loan in­sur­ance

Calgary Herald - Calgary Herald New Condos - - Recreation & Investment Properties -

If you have a high-ra­tio mort­gage (more than 75 per cent of the pur­chase price), your lender will re­quire mort­gage loan in­sur­ance avail­able from a pri­vate in­surer.

The in­sur­ance pre­mium will cost be­tween 0.5 and 3.75 per cent of the amount of the mort­gage (ad­di­tional charges may ap­ply).

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