Quote:
|
Originally Posted by fotze
True, you can;t get out of that although it is a much bigger scam or possible scamola than mortgage insurance. It is more of a house purchase tax than insurance premium.
|
In normal times, I would tend to agree with you on the "purchase tax" thing. However, now that the market is getting frothy, CMHC and GE Capital are taking on some "actual" risk by insuring the low-down mortgages.
Anyone know if those 0% down mortages are still on the table? I bet they strap you to the table and pull out the rubber gloves for one of those babies!