Mortgage Tips: High Ratio/Insured Mortgage

Posted On Feb 13, 2024

• 5%-19.99% down payment
• Max 25 yr amortization
• Mortgage is default insured (i.e. CMHC)
• Less than $1M purchase price
• Purchase over $500k requires 5% of first $500k and 10% of balance above $500k 
• Example: $600k purchase = $35k down payment