Since most Canadians do not pay their homes off in cash, we tend to borrow from a financial institution utilizing a mortgage.
Mortgage Insurance is designed to protect you in the event of 3 catastrophes:
Premiums will vary depending on length of mortgage term, size of mortgage, interest rates, gender and smoking status of the applicants. There are a myriad of excellent and competitive products available in the marketplace that we feel are superior to what your bank, trust company or credit union can offer to you.
If you have not reviewed your mortgage insurance in the last year, contact us today for a complimentary mortgage insurance review.