A conventional loan is a mortgage for which you’ve made a minimum down payment of 20%.
You should opt for an insured loan if your down deposit is less
than 20%. This means that the loan must be insured by one of the
recognized mortgage loan insurers, SagenTM (formerly known
as Genworth), the Canada Mortgage and Housing Corporation (CMHC)or
Good to know:
You can use your RRSP to finance your
Want to learn more?
TM Sagen is a trademark of Genworth Financial Canada Mortgage Insurance Company.
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