Читать книгу Complete Home Buyer's Guide For Canada - Geraldine Santiago - Страница 7

A high-ratio mortgage loan allows you to borrow more than 75 percent of the purchase price or the appraised value of the property, whichever is less. But you must pay a mortgage default insurance premium to protect the lender if payments are not made. This premium can be as much as 3.75 percent of the loan amount.