Is Mortgage Default Insurance Mandatory?

Is Mortgage Insurance Mandatory? I hear this question from clients all the time and you could be asking about mortgage default insurance or mortgage life insurance. In this video we talk about mortgage default insurance and explore what it costs and why it's needed. This topic is interesting because people will refer to this insurance differently. It could be called CMHC insurance or mortgage insurance or default mortgage insurance. There are three companies in Canada that offer mortgage default insurance, namely CMHC, Genworth & Canada Guaranty. You can read the full article here, visit: https://mymortgagebroker.com/is-mortgage-default-insurance-mandatory-in-canada/ To watch the YouTube video about mortgage life insurance, visit: https://youtu.be/a82hCHR8gkw To read the full article about mortgage life insurance, visit: https://mymortgagebroker.com/is-mortgage-life-insurance-mandatory/ If you want to connect with me, please visit my website: https://mymortgagebroker.com/about-us/