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Think Default Insurance is for High Ratio Mortgages?

The conventional thought is that default insurance is mainly for high ratio loans (mortgages with a LTV 80% or higher).  However, this is simply not true.  61.7% of insured mortgages with CMHC are for mortgages with a LTV under 80%.

Source: (http://www.cmhc-schl.gc.ca/en/corp/about/anrecopl/upload/CMHC_AR2009.pdf).

7 Responses to “Think Default Insurance is for High Ratio Mortgages?”

  1. […] Not true, most mortgages with default insurance are for low ratio loans.  http://sudburymortgagebrokers.com/?p=236 […]

  2. Thought provoking post. Thanks. You have brought some clarity to something I have been trying to figure out.

  3. Nena Odowd says:

    Hello Can anyone recommend a good loan modification attorney? Or do you think I should try this myself. If so, can you recommend a good training kit so I will know what not to do?
    Thanks!

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  7. Omnis Review says:

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