What is CMHC Mortgage Insurance? Jonathan Fung Mortgage Specialist Explains!
CMHC Mortgage Insurance Explained by Jonathan Fung Vancity Mortgage Specialist! What is CMHC Mortgage Insurance? To answer this question, I recently met with Jonathan Fung, a mortgage specialist with Vancity who was kind enough to discuss CMHC mortgage insurance with us. What is CMHC Mortgage Insurance? CMHC stands for Canada Mortgage and Housing Corporation, which is a Crown Corporation owned by the Federal Government. One of CMHC's core functions via its Mortgage Insurance is to assist illegible buyers purchase a home in Canada with less than a 20% down payment. Lenders and Financial Institutions view property purchases with less than…