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How Much Does Mortgage Loan Insurance Cost?
Loan-to-Value
Premium on Total Loan
Premium on Increase to Loan Amount for Portability and Refinance
Standard Premium
Self-Employed without 3
rd
Party Income Validation
Standard Premium
Self-Employed without 3
rd
Party Income Validation**
Up to and including 65%
0.50%
0.80%
0.50%
1.50%
Up to and including 75%
0.65%
1.00%
2.25%
2.60%
Up to and including 80%
1.00%
1.64%
2.75%
3.85%
Up to and including 85%
1.75%
2.90%
3.50%
5.50%
Up to and including 90%
2.00%
4.75%
4.25%
7.00%*
Up to and including 95%
2.75%
N/A
4.25%*
*
90.01% to 95% —
Non-Traditional Down Payment***
2.90%
N/A
*
N/A
Extended Amortization Surcharges
Greater than 25 years, up to and including 30 years: 0.20%
Greater than 30 years, up to and including 35 years: 0.40%
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CURRENT RATES
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The Mortgage Process
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Fixed Rate vs. Variable
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Switch/Transfer Mortgages
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Steps to Buying a Home
Miscellaneous
Credit Tips
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Media Releases/News
Code of Ethics
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Testimonials
Mortgage Definitions
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Mortgage Broker - Ancaster, Ontario. All Rights Reserved
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