Mortgage whose amount is greater than 80% of the value of the mortgaged property.
A mortgage that is for more than 75% of the value or purchase price of the home.
A high-ratio mortgage is available for up to 95% of the appraised value or purchase price, whichever is lower. Since the loan is for more than the usual 75%, it must, by law, be insured against default through the Canadian Mortgage and Housing Corporation (CMHC) or GE Capital Mortgage Insurance. This insurance cost can be a percentage of the mortgage amount, and is added to the mortgage principal.
When a mortgage loan exceeds 75% of the home's appraised value. These types of loans are typically used by first time buyers and must be insured for payment
A mortgage that exceeds 75% of the home's appraised value. These mortgages must be insured for payment.
A mortgage loan in excess of 75% of the lending value of the property. This type of mortgage must be insured — for example, by CMHC — against payment default.
A mortgage for more than 75 per cent of a property's appraised value or purchase price.
Usually a mortgage that exceeds 75% of the value of the property.
The mortgage you obtain when you have less than 25% of the total purchase price to put down as your down payment. This type of mortgage must be insured (through sources such as CMHC or GEMI
A mortgage loan in excess of 75% of the lending value of the property. This type of mortgage must be insured against payment default by an institution, for example CMHC.
A mortgage that exceeds 75% of the homes appraised value. These mortgages must be insured for payment, usually by CMHC.
A mortgage for more than 75% of a property's appraised value or purchase price, whichever is lower.
A mortgage loan higher than 75% of the lending value of the property. This type of mortgage may have to be insured - for example by CMHC or a private company - against payment default.
A mortgage loan that is in higher than the standard criteria for lending values.
A mortgage which is greater than 75% (Loan To Value ratio) of the value of the property. Normally requires insurance to be paid to protect the lender. (see Mortgage Insurance)
A mortgage loan higher than 75% of the lending value of the property. Such types of mortgages may need to be insured.
This is a mortgage which finances between 75% to 95% of the purchase price or appraised value of the home, whichever is lower.
A mortgage that exceeds 75 per cent of the loan-to-value ratio; must be insured by either the Canada Mortgage and Housing Corporation (CMHC) or a private insurer to protect the lender against default by the borrower who has less equity invested in the property.
Allows you to borrow more than 75% of the value of the property. A high-ratio mortgage must be insured through CHMC and this fee can be added to the amount borrowed.
A mortgage that exceeds 75% of the home's appraised value. These types of mortgages must be insured against default, unlike conventional mortgages, above. Examples of high-ratio mortgage insurers are: Canada Mortgage and Housing Corporation (CMHC) and GE Capital Mortgage Insurance (GEMI).
a mortgage for more than 75 percent of the appraised value of a property that requires mortgage insurance to cover the lender against borrower default.
