The Different Mortgage Products in Canada

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The Homeowners Protection Act (HPA) established these private mortgage insurance policies., In order to protect the home owner from paying too much money as insurance, when mort of the value of the house is already paid for The lender is responsible for putting in writing the fact that the home owner indeed has PMI and must be in contact annually of when the PMI can be cancelled.

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The Different Mortgage Products in Canada.

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