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Effective Coverage, the only national
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insurance provider focused on the
insurance needs of renters across the
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As an example, currently, if a borrower was to purchase a
home at $ 500K with the minimum down payment of 5 %, the CMHC
insurance premium that is added to the mortgage is $ 17,100,
effective March 17, 2017, the new
insurance premium will be $ 19,000, a difference of $ 1,900.
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The Canada Mortgage and Housing Corporation (CMHC) will be increasing Mortgage
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Many seek to purchase a more cost
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