Financial institutions generally require mortgage loan insurance for buyers making a down payment of less than 20 per cent. (moneysense.ca)
For information on mortgage loan insurance premiums see high - ratio home mortgage financing. (loanbox.ca)
Typically lenders will require mortgage loan insurance if a borrower has a down payment of less than 20 per cent of the purchase price of a home. (mortgagecentreedmonton.com)