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Originally Posted by ken0042
I think you guys are talking about 2 different things. What you are thinking of WD is the insurance that pays off your house if you die. What Shane is talking about is the insurance that the bank makes you take out so that if you default on the mortgage they aren't left short- like what happened in the early 80's.
If I'm wrong, I'd love to know what bank let you decline the CMHC insurance.
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Yes..I was talking about the CHMC insurance you can only avoid that if you put 25% down. I declined the other stuff too as I thought it was a waste of money.