Blog

Genworth follows CMHC with premium increases

genworth-canada-new-642x336

Genworth will increase its premiums by 15 per cent on June 1, 2015

Canada’s largest private mortgage insurer says it is matching CMHC’s increase in premiums for the highest risk loans. Genworth will increase its premiums by 15 per cent on June 1, 2015; that’s the same percentage and date as the federal agency. The new rate for a loan-to-value ratio up to 95 per cent is 3.6 per cent, up from 3.15. For a loan-to-value ratio from 90.01 to 95 per cent, but a non-traditional down payment, the new rate is rising from 3.35 per cent to 3.85 per cent.

Are you looking to invest in property or purchase a home? Contact Kal-Mor Mortgages and Investments. Our mortgage brokers offer fast approvals and the lowest mortgage rates. Now serving Penticton, Kelowna, Vernon, Kamloops and Salmon Arm. 1-800-567-5511

Comments are closed

Contact

Kal-Mor Mortgages and Investments Ltd.
#100 4007 - 27th Street,
Vernon, BC Canada
V1T 4X9

Phone: (250) 549 - 3250
Toll Free: (800) 567 - 5511
Cell: (250) 549 - 8109
Fax: (250) 549 - 3260
Email: peter@kal-mor.com

Testimonials

Loading Quotes...

Mortgage Calculator

Selling Price$Down Payment$
Interest Rate%Years
Monthly Payment$Change any combination of fields to calculate.
Copyright ©2014. All Rights Reserved.