Tag Archive: default insurance


What’s the Difference Between Insured, Insurable and Uninsured Mortgages?

Interested in a rock-bottom rate you see online? You better understand its stipulations. Mortgage rates aren’t as straightforward as people think. The competitiveness of your mortgage rate is heavily influenced by whether your mortgage can be default insured. In some cases—like when you’re buying a home with less than a 20% down payment—you have no choice. You must buy default...

Could Ottawa Up the Default Insurance Limit?

If we were betting types, we’d wager that in coming months the government makes it possible to mortgage a 7-figure property with just a modest down payment. Here’s why. At the moment, there is a $1 million property value limit if you want to buy a house with less than 20% down and get the best mortgage rates. That price...