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Re: leveraging with cmhc, help
Re: leveraging with cmhc, help -- mike.g Post Reply Top of Thread Forum

Posted by: Geoff Chislett ®
10/24/2005, 18:48:00

Edit
I just happend on this forum and your post. I'm a mortgage broker with the largest independant mortgage brokerage company in Canada.

My question about your post is... why is someone offering you a lower rate because your property is CMHC insured? What kind of properties are you talking about? Are they multi-unit residential? (ie. more than 4 units per building?)

If they are less than 5 units, and strickly residential, CMHC insurance is irrelavant. It won't help lower your rates.

Conversely, if your properties are commercial or have more than 4-6 units, the fact that they are CMHC insured will make a difference.

Feel free to e-mail me any questions you have and I'll be glad to help you out.

Geoff
gchislett at tmacc.com


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