- Maximum Amortization Reduced to 30 years
Mortgage loans with 80% loan-to-value or greater will be subject to a maximum amortization of 30 years (previously 35 years).
- Refinance Advantage™ Reduced to 85% LTV
Canada Guaranty’s Refinance Advantage™ product will have a maximum loan-to-value of 85% (previously 90% LTV).
Should you have any questions regarding the new mortgage insurance guarantee parameters or how they will affect Canada Guaranty’s specific product guidelines, please contact your dedicated Account Executive or speak with a member of our National Underwriting Team at 1.877.244.8422.
Senior Vice-President, Sales & Marketing