CMHC Insurance... Just Another Hidden Tax? | Jim Csek, CPA, CMA
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Mortgage Default Insurance (CMHC Insurance) Calculator | Ratehub.ca
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CMHC insurance protects the lenders in case if the borrower defaults...
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13K views · 292 reactions | Most people think paying a 20% down payment is smart to avoid CMHC insurance but it’s not always the best move. Buy a $500K house with just 5% down ($25K) and invest the extra $75K in your TFSA. Over 25 years, that $75K can grow to $1.2M–$2M tax-free! So instead of saving $100K in interest, you could end up with a house + $2M cash. | Kaushik Patel | Facebook
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financialpost.com
Wondering how much you actually require for a down payment for a CMHC insured loan? Here's a quick breakdown based on home price, and yes it's only 5%! Have question or would like to see what you qualify for? Let's chat. DM For more information. OAC and subject to closing cost. #mortgageagent #canadianmortgages #homefinancing #canadamortgage #refinanceyourhome #andreajohnstonmortgages #mortgagesbyandrea | Andrea Johnston- Mortgage Edge | Facebook
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