CMHC Insurance is paid on mortgages with high loan-to-value ratios. The smaller your down payment compared to the cost of the home, the higher your CMHC premium.
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Last updated: June 14, 2025
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Malcolm Stoffman
Mortgage Broker (M18002114)
Real Mortgage Associates Inc. (FSRA 10464)
905-517-4228
1. Informational Purposes Only The information presented on this website, including chatbot responses, calculators, guides, and blog posts, is intended for general informational purposes only. It is not intended as financial, legal, tax, or mortgage advice and should not be relied upon as such. Please consult a qualified professional before making any mortgage or financial decision. 2. No Broker-Client Relationship Accessing or interacting with this website does not create a broker-client relationship. A formal relationship with Malcolm the Mortgage Guy, or any licensed representative, is only established upon execution of a written agreement and formal submission of a mortgage application. No fiduciary duty arises from the use of this site or its tools. 3. Mortgage Rate Information All rates displayed on this website, including featured or “best” rates, are subject to change without notice. Rates may vary depending on the type of borrower, mortgage product, property, credit profile, and other factors. Not all users will qualify for displayed rates, and eligibility is determined by full lender underwriting. Featured rates may include promotional offers or represent lenders who pay to be highlighted. We make every effort to clearly identify such placements. 4. Approvals Subject to Underwriting Any pre-qualification estimates or affordability projections provided through this site or its chatbot are based on limited user input and general lending criteria. Final mortgage approvals are conditional upon full documentation review, credit verification, income confirmation, and lender assessment. No guarantee of approval is provided or implied. 5. AI and Chatbot Content Some interactions on this site are powered by artificial intelligence (AI) for the purpose of answering common mortgage questions and simulating mortgage scenarios. While trained on expert data and Canadian mortgage rules, the AI may occasionally generate simplified, outdated, or incorrect information. Important: Not all AI content is reviewed or verified for accuracy. Always cross-reference critical advice or results with a licensed professional. 6. Accuracy and Timeliness of Information We strive to ensure the accuracy, reliability, and timeliness of all information posted on this website. However, mortgage rules, rates, and regulations are subject to change at any time. We make no guarantees regarding the completeness or ongoing accuracy of content, and accept no liability for errors or omissions. 7. Advertising and Compensation Malcolm the Mortgage Guy may receive compensation from lenders and partners for funded mortgage transactions. In addition, we may feature paid advertisements, sponsored rates, or affiliate content. Sponsored placements are designed to be transparent and clearly marked where applicable. 8. Third-Party Content and Tools This website may link to third-party websites or embed external content such as news feeds, calculators, or financial tools. We do not control or guarantee the accuracy, privacy, or security of any third-party content or platforms. 9. Privacy and Data Use By using this website, you acknowledge and agree to the terms of our [Privacy Policy], which outlines how personal information and website data are collected, stored, and used. Any data you voluntarily submit, such as through a chatbot or calculator, may be used to improve user experience or to provide follow-up assistance. 10. Jurisdiction and Compliance This website is intended for use by residents of Ontario, Canada, and complies with applicable mortgage regulations within that jurisdiction. Use of this site from other provinces or countries is not guaranteed to comply with local laws or lending practice
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Send Malcolm a detailed message directly. Expect a response within the business day.
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Even a really quick review would help.
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