Tag Archive: Mortgage Default Insurance

What the heck are CMHC fees, why do I have to pay them, and how much are they?

April 1, 2021 5:57 am

First off, before we tackle what CMHC fees are we should get a handle on what CMHC is and what they do. CMHC stands for Canadian Mortgage and Housing Corporation, what they do is offer Mortgage Default Insurance. CMHC is a Crown Corporation backed by the Federal Government, so really the Federal Government provides mortgage …more

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Dennis McNish ·
@dennymcnish

Wtf is this. Looks like a guy who plays junior skating with bantams in the summer. https://t.co/kn2WGu31xA

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Spittin' Chiclets @spittinchiclets
This league is too easy for McDavid https://t.co/79TPIXAObM

Dennis McNish ·
@dennymcnish

SURPRISE SURPRISE…..I’M WORKING AN OPEN HOUSE TODAY.
I’ll be answering any and all MORTGAGE questions from 2-4 today at 22 Imperial Cres. https://t.co/9GUsb6HwF9

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Dennis McNish ·
@dennymcnish

At it again with another OPEN HOUSE today. Come check out 2104 Queens Ave.

I’ll be answering any and all MORTGAGE QUESTIONS from 2-4pm https://t.co/BCouWkEfAR

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Dennis McNish ·
@dennymcnish

I’ll be answering Mortgage questions for anybody popping by this open house today at 3915 Centennial Blvd.

2pm - 4pm https://t.co/bXOau3kYFm

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Dennis McNish - Centum Mortgage Professional

NEW OFFICE LOCATION!!!!

Unit 7 - 457 9th St. is the official address.

Right on Victoria Avenue across from Superstore parking lot/Velvet Dip. So that's on the main floor of the Renaissance Building.

You can 't miss our sign. There is parking in the back or you can park on the north side of the Superstore parking lot in the rare event the back is full.

I'm not sure Velvet Dip being across the street is a good thing for me but whatever.

#mortgagebroker #mortgagetips #mortgage #mortgageadvice

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MORTGAGE QUESTIONS being answered at todays OPEN HOUSE at 59 Queens Cres.

Awesome house in a great location with a sick kitchen!
2-4pm

Listed by
@josh_mckay.royallepage

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Dennis McNish - Centum Mortgage Professional

I've completed an EDUCATION UPGRADE for my clients!

Manulife MPP (Mortgage Protection Plan)

MPP is THE BEST Mortgage Life and Disability Protection you can get. Why you ask? Let me explain....

1 - It lasts until the mortgage is fully paid, or you cancel it, or you turn 70. Every other Bank's Life Insurance lasts for the duration of the term (typically 5 years), so you have to qualify again 5 years later when you're older and more likely to have a health condition that causes you to not qualify. Typical bank life insurance is insurance for them, MPP is insurance for YOU.

2 - It's portable! That's right! Not only does it last for the life of the mortgage through as many terms as you want, but it even moves with you, EVEN IF YOU MOVE HOUSES. YES... it can move with you even if you have a new mortgage in a new home.

3 - Universal Coverage... this means that if you don't qualify for health reasons you can still qualify for accidental insurance. So if you're 'the victim of a vehicle crash for instance you are still insured, even if you smoke 2 packs a day. Same for the disability coverage.

4 - Job Loss premium waiver. This means that if you lose your job Manulife will waive your monthly premiums and KEEP YOUR POLICY IN PLACE. So you don't have to pay and you keep the coverage. Wow.

5- Terminal illness coverage. If god forbid you get diagnosed with a terminal illness MANULIFE will take over your payments so that you can live out your days without worrying about making mortgage payments.

6- Life Bridge Benefits. If a Life claim is made (a person passes and the estate files for the payment) Manulife automatically takes over the mortgage payments while the claim is processed. Things take time and you don't need to worry about mortgage payments while grieving.

7 - You can double dip. So if you have other coverage (like term Life Insurance) MPP will still payout. You can even double dip the disability benefit, so if you get hurt at work and are getting paid by Workers Comp. you can STILL have MPP pay your mortgage while you're disabled.

The Manulife MORTGAGE PROTECTION PLAN is a fantastic product that I am very happy to be able to offer my clients.

Please reach out with any questions.