A mortgage taken out by a buyer who has put down less than 20% of the purchase price. In order to take out a high-ratio mortgage, you have to purchase mortgage default insurance (or CMHC insurance), to protect the lender in the event that you ever default on your loan.
« Back to Glossary Index
VIEW ALL
Eye lens regeneration from own stem cells
September 30, 2016Sense of smell may predict Alzheimer’s risk
September 30, 2016