Regardless of the value of a home, most mortgage insurance premiums cost between 0.5 % and as much as 5 % of the original amount of a mortgage loan per year. (valuepenguin.com)
For each year your extra and increased payments, in total, must be less than 20 % of the original principal amount of your mortgage loan. (hsbc.ca)
In doing this, the lender receives more cash than just the face amount of the mortgage loan when they sell it to an investor on the secondary market. (joemetzler.com)