GTA Homes On Line Real EstateConventional MortgageSearch Over 20,000 Listings

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For Knowledge, Experience, Integrity and Professional Service call:

FRANK DE CAROLIS 

 416-346-8720

frank.decarolis@gmail.com

Frank De Carolis
Salesperson

RE/MAX West Realty Inc., Brokerage
Brokerage
Independently owned and operated.

Conventional Mortgage - A mortgage that does not exceed 75% of the purchase price of the home. Mortgages that exceed this limit must be insured against default, and are referred to as high-ratio mortgages.

High Ratio Mortgage - If you don't have 25% of the lesser of the purchase price or appraised value of the property, your mortgage must be insured against payment default by a Mortgage Insurer, such as CMHC.

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