Our Services
Mortgage
Types
Not all mortgages are created equal. And just like many things in life they can look similar—but each type has very different features and benefits. Pick the wrong one, and it could impact your future plans.
| Mortgage Type | Who It’s For | Pros | Cons |
|---|---|---|---|
| Insured (CMHC) | Buyers with less than 20% down on homes under $1.5M |
Lowest interest rates
Backed by CMHC, Sagen, or Canada Guaranty |
Must pay mortgage insurance (up to 4%)
Limited refinancing options |
| Insurable (CMHC) | Buyers with 20%+ down on homes under $1.5M |
Lower rates than non-insurable
No added insurance premium (lender paid) |
Limited refinancing & porting options |
| Non-Insurable | Homes over $1.5M, rental properties, or unique cases |
No insurance premiums
More flexibility for refinancing |
Higher interest ratesthan insured/insurable |
Not all mortgages are created equal. And just like many things in life they can look similar—but each type has very different features and benefits. Pick the wrong one, and it could impact your future plans.
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