HOW MORTGAGE INSURANCE BENEFITS YOU
With a direct impact on your ability to purchase or refinance a home, mortgage insurance is one of the most cost-effective solutions for Canadian homebuyers. It allows borrowers to take advantage of more flexible financing options, including lower down payments. Each year, more Canadians are benefiting from the choices mortgage insurance offers, including:
- The ability to purchase a home without having to save for a 20 per cent down payment.
- A comprehensive product suite designed to meet your unique financial and homeownership needs.
- Greater flexibility through affordable premiums and lower down payment options.
- The ability to port or transfer your mortgage insurance from one home to another, anywhere in Canada.
- The opportunity to refinance and take advantage of available equity to effectively use funds to pay down debt or make sensible financial investments.