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Author Question: Peter and Mary make a $25 000 down payment on a $400 000 home. What will be the CMHC insurance ... (Read 105 times)

karen

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on: Nov 11, 2019
Peter and Mary make a $25 000 down payment on a $400 000 home.

What will be the CMHC insurance premium? CMHC charges the following rates on the loan to value ratio: Up to and including 80 percent, 1.00 percent; up to 85 percent, 1.75 percent; up to 90 percent, 2.00 percent; up to 95 percent 2.75 percent.

Illustrate the calculation on the loan insurance premium that Peter and Mary have to pay?
Personal Finance ¦ Madura, Gill ¦ 3rd Edition
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Marked as best answer by karen on Nov 11, 2019

yasmina

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Reply #1 on: Nov 11, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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karen

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Reply 2 on: Nov 11, 2019
Thanks for the timely response, appreciate it

Dominic

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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