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      Tag Archive: Mortgage Default Insurance

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

      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