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Author Question: Lenders require Canada Mortgage and Housing Corporation insurance on high ratio mortgages. What is ... (Read 111 times)

123654777

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on: Nov 11, 2019
Lenders require Canada Mortgage and Housing Corporation insurance on high ratio mortgages. What is the primary purpose of this insurance?
◦ Disability insurance for the borrowers to make sure they can pay off the house if one of them can no longer work
◦ Insurance for the lender to protect their collateral in case the borrower defaults and the home has declined in value
◦ Life insurance for the borrowers to make sure they can pay off the house if one of them dies
◦ Insurance for the borrower in the event of foreclosure to compensate them for the full price they paid for the home
Personal Finance ¦ Madura, Gill ¦ 3rd Edition
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Marked as best answer by 123654777 on Nov 11, 2019

kmb352

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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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123654777

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Reply 2 on: Nov 11, 2019
YES! Correct, THANKS for helping me on my review

hramirez205

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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