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http://www.teamjagpal.com/cmhccalculator : CMHC Fees occur on all mortgages where the Buyer is not putting at least 20% downpayment. Banks want their loans insured and the Canadian government through the Canada Housing and Mortgage Corporation insures them so that Buyers with good income and low down payments can still buy a house and enjoy homeownership.
Click on the link for more details. Jas Jagpal, Broker REMAX MARKHAM
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