Commonly known as CMHC insurance, mortgage default insurance is a mandatory type of insurance that Canadians have to purchase if they cannot make a down payment of 20% or more. Mortgage default insurance protects your lender, in case you ever defaulted on your mortgage 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