We are thrilled to have two CMHC experts, Helene Gagnon (Ottawa), Account Manager Business Development and Graeme Huycke (Toronto), Multiple Underwriter, Ontario Multiples Underwriting Centre, talk about different financing options for both multi-units and for small rental properties. CMHC was the first mortgage loan insurer in Canada to offer mortgage loan insurance for mortgage loans covering residential rental properties. As the industry leader CMHC continues to innovate and has recently enhanced the CMHC rental program, both for multi-units and for 1 - 4 units making it a more accessible and streamlined process. CMHC mortgage loan insurance for rental (non-owner occupied) properties provides investors with more housing finance choices when purchasing or refinancing rental properties. For example, Investors can purchase a 1 - 4 unit rental property with little or no down payment. Investors interested in refinancing can obtain insured financing up to 95% of the property's value, depending on the number of units in the property.
Helene will take us through the information regarding 1-4 unit properties and Graeme will present on the multi-unit properties. You will find out first hand, what mortgage loan insurance is and how it can benefit the investor. They will cover the costs to the investor and discuss why investors should consider CMHC mortgage loan insurance to help build their real estate portfolio. They will be available to answer all of your questions on the CMHC Financing options.