Here is a schedule of the actual increase in fees.
For my comments on what this all means see my last post here
Please contact me by phone at 403-681-4376 or my email at firstname.lastname@example.org
- Increases are only for 5% down payment buyers.
- Clients who get submissions in prior to June 1st will be eligible for old premiums.
- Effective June 1st, (owner occupied 1 – 4 unit) mortgage loan insurance premiums will be:
|Loan-to-Value Ratio||Standard Premium
(Effective June 1st, 2015
|Up to and including 65%||0.60%||0.60%|
|Up to and including 75%||0.75%||0.75%|
|Up to and including 80%||1.25%||1.25%|
|Up to and including 85%||1.80%||1.80%|
|Up to and including 90%||2.40%||2.40%|
|Up to and including 95%||3.15%||3.60%|
|90.01% to 95% — Non-Traditional Down Payment||3.35%||3.85%|
All this from Mortgage Mark Herman, top Calgary Alberta mortgage broker for home purchases and mortgage renewals.