WHAT IS MORTGAGE DEFAULT INSURANCE? Mortgage default insurance, often referred to as CMHC insurance in Canada, is a type of insurance that protects lenders in case the borrower (you) defaults on the mortgage.
If you've ever wondered how to include the cost of renovations into your mortgage, you've come to the right place! The Purchase Plus Improvements program is exactly what you need in order to turn those renovation dreams into a reality when you're buying your next home.