Quote:
Originally Posted by onetwo_threefour
Well, we haven't heard anything about it but I can only assume that upon renewal the existing insurance would continue as the premium has already been paid. If one were to refinance at maturity it would be different, but with a renewal I can't see the CMHC teminating coverage when they already have the premium.
|
Thanks, makes sense especially in light of word that existing 40 year mortgages would be grandfathered.