| Eligible Products |
Fixed Rate Mortgages
Variable Interest Rate Mortgages
|
| Eligible Purpose |
Purchase
Refinance
|
| Eligible Properties |
Owner Occupied – Maximum 2 Units
New Construction or Resale
|
| LTV |
95% Maximum LTV for Purchases
90% Maximum LTV for Refinances
|
| Amortization |
Up to 35 Years
|
| CMHC/Genworth |
LTV |
Purchase |
Refinance |
| Insurance Fees |
Up to 65%
65.01-75%
75.01-80%
80.01-85%
85.01-90%
90.01-95%
|
0.80%
1.00%
1.64%
2.90%
4.75%
6.00%
|
0.80%
1.00%
1.64%
2.90%
4.75%
N/A
|
|
A 0.20% premium surcharge to be added for every 5 years of amortization beyond 25 years.
|
