The following is a break down of the premiums depending on the loan to value ratio (LTV), for high-ratio mortgage loans offered for programs through both CMHC and Genworth Financial:
| LTV Ratio | Total Loan Amount | Top-up Portion |
| Up to 65% | 0.60% | 0.60% |
| 65.01% - 75% | 0.75% | 2.60% |
| 75.01% - 80% | 1.25% | 3.15% |
| 80.01% - 85% | 1.80% | 4.00% |
| 85.01% - 90% | 2.40% | 4.90% |
| 90.01% - 95%* | 3.15% | 4.90% |
There are also programs available by the insurers that allow for the self-employed borrower unable to prove qualified income, to obtain mortgage financing under an Alt "A" program, who otherwise would not qualify under the traditional guidelines. Don't hesitate to ask Danny Cimbron for more information regarding alt "A" programs and he will be pleased to provide you with all the help you need.
Extended amortizations of up to 30 years are also available to borrowers through the insurers at a slightly higher premium, which allows for greater affordability. Ask us for further details.
On occasion, a lender may require that a conventional deal be insured through the mortgage insurer, in which case the following premiums apply.
Applicants should be careful to understand why a lender is insisting on insuring a transaction when the LTV is less than 80%, so that they are not being unnecessarily insured.
| Credit Score | GDS | TDS |
| < 680 | 35% | 42% |
| 680+ | 39% | 44% |
*On approved credit only, (OAC).
We are pleased to keep an open-line of communication with our clients, at all times. As a result of our commitment, we are thrilled to offer an number of easy-to-use communication methods to facilitate in this process. Click below for more.
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