• Mortgage default insurance protects lenders in the event a borrower defaults on a mortgage
  • If your down payment is less than 20% of the purchase price of your home, you must buy mortgage loan insurance
  • Mortgage insurance in Canada can be purchased from Canada Mortgage & Housing Corporation (CMHC), Sagan (former Genworth Financial) and Canada Guaranty
  • Contact Samary, your trusted mortgage agent for an assessment