Type of Insurance

Mortgage Loan Insurance

For a large number of Canadian home buyers - especially first time home buyers - saving enough money for a down payment is the hardest part of becoming a home owner. Saving a down payment of 20% can be extremely difficult for a lot of people.

Mortgage loan insurance enables home buyers to purchase a home with 5% down payment. The amount of the insurance premium depends on the amount borrowed from the lender.

Mortgage loan insurance premiums can be paid in a lump sum or be added to your mortgage and included in your monthly mortgage payment. For more information, talk to your mortgage professional, or contact the following Mortgage Loan Insurance providers:

Canadian Guaranty Genworth Financial Canada CMHC

Mortgage Life Insurance (Creditor Life Insurance)

Mortgage Life Insurance is designed to protect your family from the financial burden of paying off your mortgage in the event that something should happen to you. It is a life insurance policy that pays the balance of your mortgage to the lending institution if a person listed on the mortgage is unable to make mortgage payments.

Title Insurance

When you buy a home, you are buying title to the property. Title insurance protects that property.It is an insurance policy covering the condition of title or ownership of your property and is used to provide ownership protection against losses or damages suffered as a result of title problems.

Title Insurance provides the purchaser with coverage against title risks inherent in real estate transactions (including title fraud) for as long as you own your home.

For more information, talk to your mortgage professional, or contact the following Title Insurance providers:

First Canadian Title Stewart Title Guaranty Company FNF Canada Title Plus