Canada Guaranty Mortgage Insurance Benefits

Archive for December, 2016

LENDER UPDATE: B.C. HOME Partnership Program

B.C. HOME Partnership Program | Effective January 16, 2017

Canada Guaranty is supportive of the British Columbia Home Owner Mortgage and Equity Partnership Program (B.C. HOME Partnership Program), which matches a qualified first-time homebuyer’s down payment contribution with a repayable loan featuring no interest or payments for the first five years.

For complete details, including application qualifications and submission notes requirements, please review the following Lender Update:

If you have any questions or concerns related to this update, please contact your Canada Guaranty representative.

Mary Putnam AMP
Vice President, Sales and Marketing
Canada Guaranty Mortgage Insurance Company

Telephone 416.640.8936 
Toll Free 866.414.9109 ext. 8936 

UPDATED: Low-Ratio Mortgage Insurance Requirements

LENDER UPDATE: High- and Low-Ratio Mortgage Insurance Requirements

On October 3, 2016, the Minister of Finance announced new measures designed to support the strength of Canada’s housing market through responsible lending practices and guidelines focused on promoting sustainable homeownership for borrowers. Canada Guaranty is committed to upholding prudent underwriting practices and, in compliance with these rules, will be implementing these new high- and low-ratio mortgage insurance eligibility requirements.

Please take a moment to review the following updates:

Copyright © 2010 - 2018 Canada Guaranty Mortgage Insurance Company. All Rights Reserved. All mortgage insurance is underwritten by Canada Guaranty Mortgage Insurance Company.

Terms of Use | Privacy Policy | Portfolio Metrics