Quote:
Originally Posted by maverickstruth
Thanks for all the advice and comments everyone -- keep them coming! 
A follow-up question about mortgage insurance. I was under the impression that if you're purchasing with less than 20% down, you're basically required to have it. Accurate? Inaccurate? |
You're confusing insurance products. Mortgage insurance is not a legal requirement. Small down payments require you to have CMHC insurance, which is NOT the same thing as crappy mortgage insurance.