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10 Apr

CMHC premium rate change


Posted by: Rose and Joe Baldin

Effective May 1,2014 mortgage insurance premiums are increasing. To be eligible for the current premium rates,applications for both purchase and refinance mortgage insurance must be submitted to CMHC prior to April 29th, 2014. Any applications submitted on or after April 29th,2014 will be subject to the new premium rates.