Some of Our Lendors...

Too See Full List Of over 40 Lendors

Click Here

 


Mortgage Glossary

|Back To Glossary|


CMHC Penalties


CMHC mortgages registered prior to July 1999 - during the first three years, the penalty is the greater of 3 months interest OR interest rate differential. After three years of payments made on a 4 or 5 year term (or longer) the penalty is three months interest.

CMHC mortgages registered after July 1999 - CMHC mortgages will now have the same penalty clause as the institution lending you the mortgage funds.

 

 

 

 

 

 

 

 

 

Back To Glossary  Back To Our Main Page

 

BC Mortgages.ca - Working with you - offering superior service from over forty lenders.

 

|

 

 


 

More CMHC Information

Accelerated Mortgage Payments

Our Rates

 

 

 

 

 

 

 

 

                   

                          :: Home :: Mortgage Glossary :: CMHC Guidleines :: Qualifying Table :: Contact Us ::