 |
|
|
|
|
| |
|
Below is the Question & Answer that you have chosen to view on our online Synergy Solution Centre.
If the answer to this question is not what you are looking for, please enter a comment into the provided comment box.
You can also give us a "thumbs up" if you like the answer to this question!
|
Q. What Does Canadian Mortgage and Housing Corporation - CMHC Mean?
A. A division of the Government of Canada - the Canadian Mortgage & Housing Corporation (commonly referred to as CMHC) - acts as Canada's national housing agency. The CMHC's mandate is to help Canadians access a variety of affordable housing options. It also researches housing and real estate trends in Canada and around the world, providing research to consumers, businesses and other government divisions.
The major activity of the CMHC, and the one for which it is best known, is mortgage loan insurance, which insures approved lenders (such as Canada's chartered banks) against borrower default. Mortgage loan insurance provides approved borrowers access to low-cost mortgage rates. CMHC approved buyers may purchase property with as little as 5% down payment.
For more information, you can visit the Canadian Mortgage & Housing Corporation (CMHC) website.
|
|
|
|
| |
|
|
|
|
