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Lisa Tollis, Real Estate Salesperson, Royal LePage State Realty, Brokerage.

Helping Buyers & Sellers In Hamilton | Ancaster | Binbrook | Burlington | Stoney Creek | Grimsby | Glanbrook | Flamborough | Waterdown | Oakville Ontario & Surrounding Areas. 905 648 4451 www.LisaTollis.ca " The Realtor On The Move " " List with Lisa " Today! 905 648 4451

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New!!! Sonoma Homes Inc. Launched the New "Style Collection" TownHomes to Be Built on West 5th Between Rymal Rd. and Stone Church Rd. Phase 1 Already 50% Sold! These Homes are Chic and Modern. Great Investment with over $80,000.00 in Upgrades and Appliance Packages. Come See us Today!! 1161 West 5th Street Hamilton Ontario. 905 648 4451 Lisa Tollis REALTOR (R) www.LisaTollis.ca
What is CMHC Mortgage Loan Insurance?

CMHC’s Mortgage Loan Insurance is an insurance that covers your lender’s risks associated with financial loss that can occur when a homeowner defaults on their mortgage loan and in turn increases your access to mortgage financing and at the most competitive interest rates possible.

As with any insurance, there are insurance premiums to be paid. The amount of the premium varies and can range between 0.65% and 2.75% depending upon how much of the purchase price/home value is financed with a mortgage loan.

Mortgage loan insurance is not to be confused with mortgage life insurance which guarantees that your remaining mortgage at the time of your death will not be a burden to your estate.

courtesy of CMHC

Lisa Tollis

www.LisaTollis.ca

Published Saturday, March 31, 2007 12:36 PM by Lisa Tollis, Real Estate Salesperson

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