CMHC and Genworth raising high ratio mortgage insurance rates

This week the two companies that insure high ratio mortgages in Canada announced they are raising the rates to purchase mortgage insurance. You must purchase mortgage insurance if you are putting less than 20 percent down on your house purchase. If you are thinking of selling or buying a home in Barrie or anywhere in Simcoe County, Barrie Realtor James Myers can help. To search all the houses for sale in Barrie, Ontario visit http://www.jamesmyers.ca for the most up to date listings. Also serving the surrounding areas of Innisfil, Essa, Springwater and Oro-Medonte. Facebook: https://www.facebook.com/JamesMyersRealtor/ YouTube: https://www.youtube.com/jamesmyers230 James Myers Sales Representative Royal LePage First Contact Realty Brokerage 299 Lakeshore Drive Barrie, ON, L4N 7Y9 Office: 705-728-4067 http://www.jamesmyers.ca http://www.jamesmyers.ca/blog