Mortgage Insurance Disclosure Information - Concentra Financial

CMHC (Canada Mortgage and Housing Corporation)

CMHC mortgage insurance premiums provide insurance for Concentra Financial in the event that you default on your mortgage. The premium, charged to you by the insurer, is calculated as a percentage of the loan and is also based on the size of your down payment. The higher the loan to value ratio (ratio between the mortgage loan and the purchase price or value of the home), the higher the premium you will pay.

Concentra Financial has not entered into any arrangements with CMHC to receive payments or benefits which would affect the cost of mortgage insurance in respect of this mortgage.

Genworth Financial Canada

Genworth mortgage insurance premiums provide insurance for Concentra Financial in the event that you default on your mortgage. The premium, charged to you by the insurer, is calculated as a percentage of the loan and is also based on the size of your down payment. The higher the loan to value ratio (ratio between the mortgage loan and the purchase price or value of the home), the higher the premium you will pay.

Concentra Financial has not entered into any arrangements with Genworth to receive payments or benefits which would affect the cost of mortgage insurance in respect of this mortgage.