Said money mortgage loans can not be insured by CMHC
Said money mortgage loans can not be insured by CMHC Maximum LTV/Minimal Deposit: You can borrow up to an effective 95% loan-to-value (LTV) otherwise make a down-payment as little as 5% towards the first $500,one hundred thousand, and you can ten% toward remainder. Limit Amount borrowed: The purchase price otherwise worth of the home must […]