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CMHC / GE Mortgage Insurance Calculator
If you are putting less that 25% down on your house you will need mortgage insurance. Enter the amount your are mortgaging and the insurance premium will be returned. Note: PST on mortgage insurance is due on closing and not added to your mortgage. You should calculate the PST in your final closing costs.
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Canada Mortgage and Housing Corporation (CMHC) is Canada's national housing agency. Established as a government-owned corporation in 1946 to address Canada's post-war housing shortage, the agency has grown into a major national institution. CMHC is Canada's premier provider of mortgage loan insurance, mortgage-backed securities, housing policy and programs, and housing research. More about CMHC can be found at http://www.cmhc.ca
Note: PST is due the date of closing and is not rolled into a mortgage.
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