Canada Guaranty Mortgage Insurance Benefits

How Canada Guaranty Can Help

Canada Guaranty has a wide selection of mortgage insurance products to meet your needs today and into the future. Let Canada Guaranty help you make your dream of homeownership a reality.

PRODUCTS AVAILABLE FROM CANADA GUARANTY

First-time Homebuyers

As a first-time homebuyer, saving for a down payment could be one of the most difficult challenges you will experience. Canada Guaranty has a number of mortgage insurance products that can assist first-time homebuyers realize their dream of homeownership. Click on the product links below to find out more.

  • Flex 95 Advantage™
    The Flex 95 Advantage offers a flexible down payment option for borrowers with a strong credit history. Borrowers may access 5% equity from sources not covered in the Downpayment Advantage™.
  • Downpayment Advantage™
    The Downpayment Advantage is designed for borrowers who can make a minimum down payment of 5% toward the purchase of a home.
  • Purchase Advantage Plus™
    The Purchase Advantage Plus is designed to assist borrowers who are purchasing a home and want to make value-added improvements to their home, while including these costs in their first mortgage.
  • Maple Leaf Advantage™
    Canada Guaranty has developed a product that responds to the unique needs of new immigrants. For those with limited documented credit history, the Maple Leaf Advantage provides new Canadians the opportunity to purchase a home with as little as 5% down.

Self-employed Borrowers

If you are a self-employed borrower, please click on the product links below to find out more.

  • Downpayment Advantage™
    The Downpayment Advantage is designed for borrowers who can make a minimum down payment of 5% toward the purchase of a home.
  • Low Doc Advantage™
    The low-documentation program from Canada Guaranty is designed for borrowers who are self-employed. Through a simplified process, this program allows borrowers to obtain mortgage insurance with limited documentation available.

Purchasing Your Next Home

One of the advantages of a Canada Guaranty insured mortgage is that your mortgage insurance is portable, or transferable, to another property anywhere within Canada. The most common Canada Guaranty products available to you when purchasing your next home include:

  • Portable Advantage™
    Canada Guaranty helps take the worry out of moving with the Borrower Loyalty Credit offered through the Portable Advantage. Borrowers with a Canada Guaranty-insured mortgage may now qualify for a premium credit when porting their mortgage within the first two years of ownership.
  • Downpayment Advantage™
    The Downpayment Advantage is designed for borrowers who can make a minimum down payment of 5% toward the purchase of a home.
  • Lifestyle Advantage™
    Canada Guaranty recognizes that borrowers may require a second home for a variety of reasons. The Lifestyle Advantage enables borrowers who have a strong credit history to own a second home with as little as 5% down.

Building or Renovating Your Dream Home

Canada Guaranty has flexible options for homeowners interested in building a new home or renovating their existing property. Please click on the following product links to find out more:

  • Progress Draw Advantage™
    The Progress Draw Advantage is designed to assist borrowers who are constructing a new home or making major renovations to an existing property. Both contractor-built and self-built projects are eligible under the insured Progress Draw Advantage.
  • Purchase Advantage Plus™
    The Purchase Advantage Plus is designed to assist borrowers who are purchasing a home and want to make value-added improvements, while including these costs in their first mortgage.

Purchasing an Investment Property

Purchasing an investment property is now possible with the Rental Advantage product from Canada Guaranty. For more information, please click on the product link below.

  • Rental Advantage™
    The innovative Rental Advantage allows borrowers to purchase investment properties in a fast, efficient and cost-effective manner.

CANADA GUARANTY’S MORTGAGE INSURANCE EXPERTS ARE COMMITED TO MAKING HOMEOWNERSHIP A REALITY FOR MORE CANADIANS.

In today’s market, mortgage insurance is the right choice for many homebuyers. To determine which products are best suited for your financial goals, contact a lender or mortgage professional to discuss options that meet your specific needs. Get started on your path to homeownership today!

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