CMHC Benefits

Reach New Heights with a CMHC-Insured Mortgage

With every investment opportunity that we take to new heights we rely on a variety of different factors to get it there. But every mortgage that we have negotiated for our diverse projects has one thing in common. Each mortgage is a CMHC-insured mortgage and the benefits have been both upfront and over time.

Here's why we benfit from a CMHC-insured mortgage:

Extended Amortization Periods: lower monthly payments are possible by extending mortgages for up to 40 years.

Less Equity Required for Purchasing: mortgage financing of up to 85% of the CMHC approved value of the property is easily attainable.

Easier Refinancing Options: with an acceptable payment history, a lender can automatically renew a mortgage without having to re-qualify for the insurance.

No out-of-pocket costs: both the CMHC premium and fee can be added to the mortgage amount and amortized over the mortgage life.

Credit Loss Protection: the Government of Canada guarantee results in a lender's ability to reduce yield requirements, offering considerable savings to a borrower.

To see just how much you can save, use the Rental Mortgage Insurance Calculator located at
http://www.cmhc.ca/popup/rcalc/calculator.html