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Preet Banerjee video

Drawing conclusions: Will new CMHC premiums raise your mortgage payments? Add to ...

Canada Mortgage and Housing Corporation issues mortgage loan default insurance. The federal housing agency recently announced that as of June 1, 2015, it was boosting the premium rate on highest-risk mortgages. That means borrowers who have a down payment of less than 10 per cent will be paying 15 per cent more.

What the upcoming increase to mortgage loan insurance means for you (The Globe and Mail)

In this video, Preet Banerjee looks at how the change will impact the mortgage payments of new home buyers with small down payments.

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