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