Hi everyone, it's Mandy from Mortgage Wise Financial. Justin Konikow from The Closers asked me to reach out and touch on a topic that some of his clients and my clients have been asking, what is the difference between an insured and a conventional mortgage. So here you have it, an insured mortgage is protected by CMHC Genworth Canada Guaranty, therefore meaning that the lender is protected. A conventional mortgage isn't, therefore meaning that you may see a little bit higher rates with your conventional mortgage. Guys, if you have any questions, please reach out to me or the guys as Mortgage Wise Financial. We'd love to help you out.
Disclaimer: "Although care has been taken to ensure the accuracy, completeness and reliability of the information provided, we assume all information is subject to change and should be verified independently by the buyer and their agents.”