Recorded live on June 11, 2014
On this week’s episode we explore mortgage insurance including why you might need mortgage insurance and how mortgage insurance works. CMHC made some more announcements and we break them down for you.
PLUS: Learn about a client who waived conditions on the purchase of a new home only to learn that they may have overpaid. What was the impact to their mortgage? Watch and find out.
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00:06 – Episode summary
0:56 – Intro
1:58 – Question #1: Why do you need mortgage insurance?
6:57 – Question #2: How does mortgage insurance work?
10:29 – Real life example
15:20 – Did you know?
12:29 – More announcements from CMHC
19:39 – sign off