Blog by Scott & Marcella Williams

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CMHC RAISES RATES AGAIN

April 7th, 2015



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CMHC Has increased their rates again. 
It’s the second time in about a year that CMHC has raised its fees on homeowners.  CMHC’s move targets only those putting down less than 10%, which equates to $450 per $100,000 of mortgage.
Some quick notes for homebuyers:
  • If your loan-to-value is over 90% and your lender submits your complete application to CMHC before June 1, 2015, you’ll pay th ...