New Rules Governing Canada Back Mortgage Insurance This morning, Federal Finance Minister, Jim Flaherty announced prudent changes to mortgage insurance rules intended to come into force on April 19, 2010. Consumers will have to qualify on 5 year Rates regardless of the actual term and rate consumers chose. Maximum loan to value on refinance has …

There are several different types of Canadian mortgages including the second mortgage in which borrowers may be able to avoid having to pay high premiums on their mortgage. Such a mortgage is also useful in taking equity out of your home which can then help you to affect consolidation of debts. The criteria used for …