What is an Insurable Mortgage?

Offered by non-bank lenders only

• Purchases and Switches only (a switch is when a client switches their mortgage from one lender to another - no refinance/cash out)

• Same qualifications as insured

• Can add up to $3K in penalty/fees to the mortgage max

• Client must keep the same amortization as their current term

• Below 65% Loan-to-value clients can usually get the best insured rates

find out more, please contact us