Existing Homeowner-Occupied Homes ­ 1 to 4 Units (* 1 to 2 units for 95% Financing)

NOTE : For any application where the loan amount is more than 90% of the value of the property, special conditions apply. These are noted below with an asterisk (*).

Maximum Loan-to-Value

Loan-to-value (LTV) ratio must not exceed 95%.

* Owner-occupied duplex - LTV must not exceed 92.5%.

Underwriting Fee per Application

Insurance Premium

Payment of Fee and Premium

• The underwriting fee is payable at the time of the first advance.
• Premium ­ Single Advance: Payable to CMHC at the time the loan is advanced.
• Premium ­ More than One Advance: Due and payable to CMHC as the mortgage funds are advanced.
• The Mortgage Loan Insurance premium may be added to the amount of the loan. Where provincial sales tax is payable on the CMHC Mortgage Loan Insurance premium, the amount of the tax is not to be added to the mortgage amount.
• Where the borrower is a repeat user of CMHC Mortgage Loan Insurance, see details of CMHC's portability feature.

Required Documentation

• Request ­ Certificate of Insurance (CMHC 530) or acceptable Approved Lender application form
• Agreement of purchase and sale
• Photo and/or real estate listing
• List of proposed repairs/improvements, if applicable
• In Quebec, Borrower Eligibility ­ Calculation Method (CMHC 2904) form for buildings of two to four units

Note: For applications processed through emili, all information is submitted electronically to CMHC.

Terms and Conditions

• Minimum loan term of six months, * except for loan-to-value greater than 90%, in which case the minimum initial loan term is three years. The greater of the current three-year posted mortgage rate or the actual contract rate must be used to qualify the borrower. * For loan-to-value ratio over 90%, the greater of the five-year posted mortgage rate, or the actual contract rate must be used to qualify the borrower.
• Maximum amortization period of 25 years
• Minimum of 5% down payment must come from the borrower's own resources. (Note that a gift down payment must be documented by a letter from the donor that confirms that the money is a true gift, not a loan and the gift money must be in the borrower's possession before the mortgage insurance application is sent to CMHC.)
• Gross Debt Service (GDS) Ratio: The borrower must not commit more than 32% of gross household income towards the payment of principal + interest + property taxes + heating + 50% of condominium fees (where applicable).
• Total Debt Service (TDS) Ratio (one unit): The borrower must not commit more than 40% of gross household income towards the payment of principal + interest + property taxes + heating + 50% of condominium fees (where applicable) + payments on all other debts.
• Total Debt Service (TDS) Ratio (two to four units): (* Except for LTV > 90%). Where the property has one or more rental units along with the owner-occupied unit, the TDS ratio alone is used to qualify the borrower. It is calculated as follows:

NOTE : For GDS and TDS calculations the principal and interest payments are to be calculated on the basis of the total insured loan amount, including the Mortgage Loan Insurance premium, where applicable.

• The Approved Lender must verify that the borrower can cover closing costs of at least 1.5% of the purchase price.
• Approved Lenders are required to include postal codes and closing dates of transaction on all applications.
• Maximum House Price - this applies only to loans greater than 90% of the value of the home :

- In greater Toronto, Calgary, Vancouver and $250,000
Victoria areas

- In other centres with high average house prices, $175,000
as well as northern areas

- Everywhere else $125,000

NOTE : Contact your local CMHC office for maximum house prices in your area.

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New Construction ­ 1 to 4 Units (Homeowner-Occupied) * 1 to 2 units where LTV > 90%

NOTE : For any application where the loan amount is more than 90% of the value of the property, special conditions apply - these are noted below with an asterisk (*).

Maximum Loan-to-Value

Loan-to-value (LTV) ratio must not exceed 95%.

* Owner-occupied duplex, maximum LTV=92.5%.

Underwriting Fee per Application

Insurance Premium

Payment of Fee and Premium

• The underwriting fee is payable at the time of the first advance.
• Premium ­ Single Advance: Payable to CMHC at the time the loan is advanced.
• Premium ­ More than One Advance: Due and payable to CMHC as the mortgage funds are advanced.
• The Mortgage Loan Insurance premium may be added to the amount of the loan. Where provincial sales tax is payable on the CMHC Mortgage Loan Insurance premium, the amount of the tax is not to be added to the mortgage amount.
• Where the borrower is a repeat user of CMHC Mortgage Loan Insurance, see details of CMHC's portability feature.

Required Documentation

• Request ­ Certificate of Insurance (CMHC 530) or acceptable Approved Lender application form (for homes purchased from builder, application must be made in the name of the purchaser).
• House plans
• Cost estimates or builder's quotes, if applicable
• List of changes included in transaction (amendment schedule and list of upgrades)
• In Quebec, Borrower Eligibility ­ Calculation Method (CMHC 2904) form for buildings of two to four units
• For homes purchased from builder, accepted agreement of purchase and sale and a sales brochure of the subject property or equivalent
• For completed houses, a photograph or real estate listing is adequate.

Terms and Conditions

• The builder must be registered in a new home warranty program and the house enrolled in this warranty program. Owner-builders are exempt from this requirement.
• For homes purchased from builder, the sale closing and disbursement of funds must occur after the unit is complete.
• Minimum of 5% down payment must come from the borrower's own resources. (Note that a gift down payment must be documented by a letter from the donor that confirms that the money is a true gift, not a loan and the money must be in the borrower's possession before application is made to CMHC for mortgage loan insurance.)
• Minimum loan term of six months. (* For loan-to-value ratio greater than 90%, the minimum initial loan term is three years.) The greater of the current three-year posted mortgage rate or the actual contract rate must be used to qualify the borrower. (* For loan-to-value ratio greater than 90%, the greater of the five-year posted mortgage rate or the actual contract rate must be used to qualify the borrower.)
• Maximum amortization period of 25 years
• Gross Debt Service (GDS) Ratio: The borrower must not commit more than 32% of gross household income towards the payment of principal + interest + property taxes + heating + 50% of condominium fees (where applicable).
• Total Debt Service (TDS) Ratio (one unit): The borrower must not commit more than 40% of gross household income towards the payment of principal + interest + property taxes + heating + 50% of condominium fees (where applicable) + payments on all other debts.
• Total Debt Service (TDS) Ratio (two to four units): Where the property has one or more rental units along with the owner-occupied unit, the TDS ratio alone is used to qualify the borrower. It is calculated as follows:

(Total principal and interest payments + payments on all other debts) x 100

Gross household income + up to 50% of gross rental income

• The Approved Lender must verify that the borrower can cover closing costs of at least 1.5% of the purchase price.
• Approved Lenders are required to include postal codes and closing dates of transaction on all applications.
• Maximum House Price (only for loans over 90% LTV).
  
  - In greater Toronto, Calgary, Vancouver and $250,000
• 
  Victoria areas

  - In other centres with high average house prices, $175,000
  as well as northern areas

  - Everywhere else $125,000

NOTE : Contact your local CMHC office for maximum house prices in your area.

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Chattel Loan Insurance

NOTE : For any application where the loan amount is more than 90% of the value of the property, special conditions apply - these are noted below with an asterisk (*).

For owner-occupied manufactured homes

Maximum Loan-to-Value

Loan-to-value (LTV) ratio must not exceed 95%.

Underwriting Fee per Application

Insurance Premium

Payment of Fee and Premium

• The underwriting fee is payable at the time of the first advance.
• Premium ­ Single Advance: Payable to CMHC at the time the loan is advanced.
• Premium ­ More than One Advance: Due and payable to CMHC as the mortgage funds are advanced.
• The Mortgage Loan Insurance premium may be added to the amount of the loan. Where provincial sales tax is payable on the CMHC Mortgage Loan Insurance premium, the amount of the tax is not to be added to the mortgage amount.
• Where the borrower is a repeat user of CMHC Mortgage Loan Insurance, see details of CMHC's portability feature.

Required Documentation

• Request ­ Certificate of Insurance (CMHC 530) or acceptable Approved Lender application form
• A copy of the bill of sale or agreement of purchase and sale
• For resale unit, photo and/or real estate listing
• A location map for the site
• List of proposed repairs/improvements, if applicable.

Terms and Conditions

• Available to borrowers who intend to purchase or refinance a manufactured home as their principal residence.
• Minimum loan term of six months (* for loan-to-value ratio over 90%, in which case the minimum initial loan term is three years).
• The greater of the current three-year posted mortgage rate or the actual contract rate must be used to qualify the borrower. (* For loan-to-value ratio over 90%, the greater of the five-year posted mortgage rate or the actual contract rate must be used to qualify the borrower.)
• Lending value determined in same manner as home ownership units
• Gross Debt Service (GDS) Ratio: The borrower must not commit more than 32% of gross household income towards the payment of principal + interest + property taxes + heating + site rent.
• Total Debt Service (TDS) Ratio: The borrower must not commit more than 40% of gross household income towards the payment of principal + interest + property taxes + heating + site rent + payments on all other debts.
• The Approved Lender must verify that the borrower can cover closing costs of at least 1.5% of the purchase price.
• Approved Lenders are required to include postal codes and closing dates of transaction on all applications.
• Maximum amortization period of 25 years or the remaining economic life of the unit, whichever is less
• Available for new units and resale units
• New units must be constructed to CSA Standards: Z-240 for single- and multiple-wide mobile homes, and Standard A-277 for single- and multiple-wide modular homes.
• Resale units must conform to CMHC minimum property standards for existing residential buildings.
• Units may be located on owned or leased land.
• The Approved Lender must obtain an assignment of the borrower's site lease.

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New Condo Projects

NOTE : For any application where the loan amount is more than 90% of the value of the property, special conditions apply - these are noted below with an asterisk (*).

Maximum Loan-to-Value

Loan-to-value (LTV) ratio must not exceed 95%.

Underwriting Fee per Application

For Approved Lenders intending to submit more than one application for a specific unit type, the first unit will be processed under the Full Processing Service at $235. Subsequent units will be processed at the Basic Processing Service fee of $75 without having to supply an appraisal.

Insurance Premium

Payment of Fee and Premium

• The underwriting fee is payable at the time of the first advance.
• Premium ­ Single Advance: Payable to CMHC at the time the loan is advanced.
• Premium ­ More than One Advance: Due and payable to CMHC as the mortgage funds are advanced.
• The Mortgage Loan Insurance premium may be added to the amount of the loan. Where provincial sales tax is payable on the CMHC Mortgage Loan Insurance premium, the amount of the tax is not to be added to the mortgage amount.
• Where the borrower is a repeat user of CMHC Mortgage Loan Insurance, see details of CMHC's portability feature.

Required Documentation

• Request ­ Certificate of Insurance (CMHC 530) or acceptable Approved Lender application form.
• Schedule of sale prices and unit numbers
• Complete plans approved by qualified professionals
• Agreement of purchase and sale
• Statement of common expenses
• When the condominium unit is part of a new (or conversion) multi-storey building, an Environmental Site Assessment (ESA) must be provided to CMHC before insured financing will be approved for any unit in the building.

Terms and Conditions

• Minimum loan term of six months (* for loan-to-value ratio greater than 90%, the minimum initial loan term is three years)
• Maximum amortization period of 25 years
• The greater of the current three-year posted mortgage rate or the actual contract rate must be used to qualify the borrower. (* For loan-to-value ratio greater than 90%, the greater of the five-year posted mortgage rate or the actual contract rate must be used to qualify the borrower.)
• The builder must be registered in a new home warranty program and have the unit enrolled in this warranty program.
• Minimum 5% down payment must come from the borrower's own resources. (Note that a gift down payment must be documented by a letter from the donor that confirms that the money is a true gift, not a loan and the gift money must be in the borrower's possession before application is made to CMHC for mortgage insurance.)
• Gross Debt Service (GDS) Ratio: The borrower must not commit more than 32% of gross household income towards the payment of principal + interest + property taxes + heating + 50% of condominium fees.
• Total Debt Service (TDS) Ratio: The borrower must not commit more than 40% of gross household income towards the payment of principal + interest + property taxes + heating + 50% of condominium fees + payments on all other debts.
• The Approved Lender must verify that the borrower can cover closing costs of at least 1.5% of the purchase price.
• Approved Lenders are required to include postal codes and closing dates of transaction on all applications.
• Maximum house prices (only pertains to loan-to-value > 90%).

- In greater Toronto, Calgary, Vancouver and $250,000
Victoria areas

- In other centres with high average house prices, $175,000
as well as northern areas

- Everywhere else $125,000

NOTE : Contact your local CMHC office for maximum house prices in your area.

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Second Mortgage Insurance Programs

• For a purchaser who is assuming a first mortgage and requires additional financing
• For an owner who needs financing to renovate or improve a home on which he/she already has a first mortgage

Maximum Loan-to-Value
Loan-to-value (LTV) ratio must not exceed 90% (total value of first and second mortgage).

Underwriting Fee per Application: 1 or 2 units

Insurance Premium

Payment of Fee and Premium

• The underwriting fee is payable at the time of the first advance.
• Premium ­ Single Advance: Payable to CMHC at the time the loan is advanced.
• Premium ­ More than One Advance: Due and payable to CMHC as the mortgage funds are advanced. Subject to a surcharge of 0.50%.
• The Mortgage Loan Insurance premium may be added to the amount of the loan. Where provincial sales tax is payable on the CMHC Mortgage Loan Insurance premium, the amount of the tax is not to be added to the mortgage amount.

Required Documentation

• A copy of the real estate listing (if available) and a recent photo of the property
• If applicable, a photocopy of the agreement of purchase and sale
• Completion of a request ­ Certificate of Insurance (CMHC 530) or Approved Lender application form
• If applicable, a list of intended repairs/improvements, including costs and plans
• First mortgage details, including confirmation of the outstanding balance of the principal, the interest rate, Interest Adjustment Date, remaining term, amortization period (original and current), statement confirming mortgage is current, and name of mortgagee
• The Approved Lender is responsible for obtaining and retaining a first mortgage certificate confirming the terms and balance of the first mortgage, and ensuring that it is in good standing.

Mortgage Terms and Conditions*

• No maximum loan (dollar) amount (Maximum LTV is 90% of total first and second mortgage.)
• No minimum loan amount
• Maximum amortization period: lesser of 25 years or remaining economic life
• Minimum loan term of six months

*Apply to equal payment mortgages (EPM) only

Mandatory Mortgage Conditions

The first mortgage

• must not permit an increasing balance;
• must provide for a repayment plan acceptable to CMHC;
• must be current at the time of second mortgage loan approval;
• must not necessarily have been CMHC-insured but must have been made by a CMHC Approved Lender; and
• must have been on repayment for at least one year, and the borrower must have an acceptable repayment record. However, the one-year period does not apply when the borrower sells the original property and transfers the terms and conditions of the existing mortgage to another property being purchased.

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Self-Directed RRSP-funded Mortgage

• For new or existing single-unit home ownership or rental
• Second mortgage insurance is also available for RRSP mortgage purposes.

Maximum Loan-to-Value

• Loan-to-Value (LTV) ratio is 90% for applications involving a purchase, with or without repairs/improvements; or
• LTV ratio is 75% for applications involving refinancing of existing property, either solely or with repairs/improvements.

Underwriting Fee per Application

Insurance Premium

Payment of Fee and Premium

• The underwriting fee is payable at the time of the first advance.
• Premium ­ Single Advance: Payable to CMHC at the time the loan is advanced.
• Premium ­ More Than One Advance: Due and payable to CMHC as the mortgage funds are advanced.
• The Mortgage Loan Insurance premium may be added to the amount of the loan.
• Where provincial sales tax is payable on the CMHC Mortgage Loan Insurance premium, the amount of the tax is not to be added to the mortgage amount.
• Where the borrower is a repeat user of CMHC's Mortgage Loan Insurance, see details of CMHC's Portability Feature, or contact your local CMHC office.

Required Documentation

• Request ­ Certificate of Insurance (CMHC 530) or acceptable Approved Lender application form. (For homes purchased from builder, application must be made in the name of the purchaser.)
• House plans
• Appraisal (if Basic Service)
• Description of the property (contact name and number)
• Statement of all fees and charges relating to the refinancing
• Statement of improvements, estimates of costs (if renovation)

Terms and Conditions

The mortgage must be made and always administered by an NHA Approved Lender, and insured by CMHC.

Income Tax Act

CMHC does not approve or reject the program under which the RRSP mortgage is approved. The approval of any specific program under which RRSP-funded mortgages are made should be obtained from Revenue Canada.

Approval of a mortgage for loan insurance by CMHC does not mean that the mortgage is approved for income purposes as an acceptable investment for RRSP as defined by Revenue Canada.

The Approved Lender is responsible for ensuring that the mortgage meets the criteria set out by Revenue Canada for an acceptable self-directed RRSP.

Availability

CMHC will insure RRSP-funded mortgages only for new or existing single-unit home ownership or rental applications.

The second mortgage insurance program is available to facilitate the refinancing (restructuring) of existing mortgages for RRSP purposes. RRSP and second mortgage policies as outlined in the CMHC Mortgage Loan Insurance Handbook are to be applied.

Note: When simply restructuring existing financing to put a self-directed RRSP in place, the requirement for the first mortgage to be in place for a period of one year can be disregarded.

Equity

All equity from 10% to 25% must be provided from borrower's own resources (to ensure minimum equity content).

Borrower Eligibility

Borrowers using RRSP mortgage financing must have exceptional past borrower records.

For applications involving refinancing of existing property (with or without repairs/improvements) the gross debt services (GDS) ratio should not exceed 25% including principal, interest, property taxes, heating costs and, if applicable, one-half of condominium charges.

Refinancing

NHA Mortgage Loan Insurance is not available if the intent of the mortgage is to remove equity for the property.

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Refinancing

Maximum Loan-to-Value :

Maximum Loan-to-Value (LTV)
- Homeowner occupied property: 1 unit 95%
2 units 92.5%
3 or 4 units 90%

- Rental property: 1 or more units 85%

Underwriting Fee per Application

• to replace an uninsured loan with a CMHC-insured loan or
• to replace an existing CMHC-insured loan with another CMHC-insured loan of greater amount

Note: In certain situations, especially where the amount of additional financing is small compared with the existing first mortgage, the borrower may pay a lower insurance premium by using CMHC's second mortgage product.

1 to 4 units	$75 or $235 per application
5 or 6 units	$25 or $125 per unit

For five units or more, please contact your nearest CMHC Multiple Sales and Underwriting Centre.

Insurance Premium

According to specific loan type (e.g., home ownership, rental and loan-to-value ratio)

Payment of Fee and Premium

• The underwriting fee is payable at the time of the first advance.
• Premium ­ Single Advance: Payable to CMHC at the time the loan is advanced
• Premium ­ More than One Advance: Due and payable to CMHC as the mortgage funds are advanced
• The Mortgage Loan Insurance premium may be added to the amount of the loan. Where provincial sales tax is payable on the CMHC Mortgage Loan Insurance premium, the amount of the tax is not to be added to the mortgage amount.
• Where the borrower is a repeat user of CMHC Mortgage Loan Insurance, see details of CMHC's portability feature.

Required Documentation

• Request ­ Certificate of Insurance (CMHC 530 or CMHC 530B) or acceptable Approved Lender application
• Previous CMHC account number, if applicable
• Statement of all fees and charges relating to the refinancing
• List and estimate of proposed repairs/improvements
• 
  Note: For major improvements, plans must be included.
• Photo and/or real estate listing, if applicable.
• For rental only, in addition to the above, submit borrower's financial statement and CMHC 1675 (additional documentation may be required).

Note: For applications processed through emili, all information is submitted electronically to CMHC.

Details

• Refinancing is available to consolidate registered debts against the property (e.g., mortgages, liens) and/or to cover the cost of improvements.
• Refinancing cannot be used to convert home equity into cash.
• Where refinancing is being used for improvements, the lending value will be the lower of the current outstanding loan balance plus the actual cost of improvements, or the "as improved" value of the property.
• See terms and conditions for related products (e.g., home ownership, rental).

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Purchase Plus Improvements

NOTE : For any application where the loan amount is more than 90% of the value of the property, special conditions apply - these are noted below with an asterisk (*).

CMHC-insured mortgage loans are available to cover the purchase price of a home as well as an amount to pay for immediate major renovations or other improvements that the purchaser may wish to make to the property. This option eliminates the need to obtain secondary financing after the purchase to pay for improvements. The homebuyer obtains a single first mortgage, makes a single mortgage payment, and benefits from first mortgage interest rates.

Maximum Loan-to-Value

Loan-to-value (LTV) ratio must not exceed 95%.

Underwriting Fee per Application: 1 to 4 units (* 1 to 2 units for LTV over 90%)

Insurance Premium

Payment of Fee and Premium

• The underwriting fee is payable at the time of the first advance.
• Premium ­ Single Advance: Payable to CMHC at the time the loan is advanced.
• Premium ­ More than One Advance: Due and payable to CMHC as the mortgage funds are advanced.
• The Mortgage Loan Insurance premium may be added to the amount of the loan. Where provincial sales tax is payable on the CMHC Mortgage Loan Insurance premium, the amount of the tax is not to be added to the mortgage amount.
• Where the borrower is a repeat user of CMHC Mortgage Loan Insurance, see details of CMHC's portability feature.

Required Documentation

• Request ­ Certificate of Insurance (CMHC 530) or acceptable Approved Lender application form
• Agreement of purchase and sale
• Photo or real estate listing
• List and estimate of proposed repairs/improvements

Note: For major improvements, plans must be included.

Note: For applications processed through emili, all information is submitted electronically to CMHC.

Details

The insured loan will be based on the lower of * :

• the purchase price plus the actual cost of improvements or
• the "as improved" market value (see examples below).

* Because each Purchase Plus Improvements situation is unique, the borrowers should work closely with the Approved Lender to discuss how an insured purchase and improvement mortgage loan can work in their specific situation.

**In these examples, the Mortgage Loan Insurance premium is not added to the mortgage loan amount. In fact the premium may be included in the insured amount - choice of the borrower.

• Maximum house prices including cost of improvements (only where the LTV is greater than 90%).

- In greater Toronto, Calgary, Vancouver and $250,000
Victoria areas

- In other centres with high average house prices, $175,000
as well as northern areas

- Everywhere else $125,000

NOTE : Contact your local CMHC office for maximum house prices in your area.

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Portability Feature

CMHC's portability feature saves money for the repeat user of CMHC homeowner Mortgage Loan Insurance by reducing or eliminating the premium payable on the new insured loan. All homeowner loans approved for CMHC Mortgage Loan Insurance on or after April 1, 1996, are eligible for portability, subject to the conditions described below. The benefit to the borrower depends upon the time elapsed between the closing day of the original insured loan and the day on which the application for the new loan is received by CMHC.

General Conditions

• Both the original loan and the new loan are for a one- to four-unit owner-occupied property, which is the borrower's principal residence.
• The loan being ported was approved by CMHC on or after April 1, 1996.
• The original mortgage loan is not in arrears.
• The Approved Lender's portability plan is being used.
• The borrowers must be the original mortgagors, i.e., the ones who paid the original mortgage insurance premium.
• The mortgage on the original property has been discharged.
• The property to which the mortgage insurance is being ported must meet CMHC's underwriting standards.
• The original loan may be ported to any location in Canada.
• An application fee must be paid for the new loan.

Additional Conditions (within six months)

Where the Mortgage Loan Insurance application for the new loan is received within six months of the closing date of the original insured loan, the full amount of the original premium is applied toward the premium due for the new loan.

• The new loan may be for the purchase of a different home, or the refinancing of the original home.
• The loan-to-value ratio may be increased.
• The insured loan amount may be increased as long as the borrower qualifies for the higher loan amount.
• The borrower pays the difference between the new premium and the amount that was paid for the original loan. Where the new loan amount is lower than the original, no premium refund is available.

Additional Conditions (more than six months)

Where the Mortgage Loan Insurance application for the new loan is received more than six months after the closing date of the original insured loan, the outstanding balance of the insured loan may be ported to a different property. As long as there is no increase in the amount of insured financing, and all conditions are met, then no new premium is payable.

• The new insured loan must be for a different property.
• The portability option may be used at any time during the life of the original loan.
• The outstanding insured loan balance or amortization period may not be increased.
• The loan-to-value ratio may not be increased. The Approved Lender must verify that the ratio of the ported loan to the new lending value does not exceed the ratio of the ported loan to the original lending value.
• The ported loan may be supplemented with additional financing as long as the borrower qualifies for the higher loan amount. For registration purposes, the Approved Lender may allow the original loan balance to be "blended" with additional financing into one new first mortgage. The application for CMHC Mortgage Loan Insurance will be treated as two separate transactions:

1. The mortgage insurance on the outstanding balance of the original loan will be ported, with no new premium payable.
2. The insurance for the additional financing is available only through CMHC's second mortgage insurance product.

• CMHC does not require a borrower re-assessment unless the borrower intends to top up the ported loan with additional insured financing.

Application Information

Portable Mortgage Loan Insurance applications are processed in the normal manner with the following additional step:

• Approved Lenders will indicate the words "Portable Insurance" on the application form. The application form will also include the CMHC account number of the original loan and the outstanding balance.

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Processing of Applications

CMHC provides Approved Lenders with a choice of processing services for Mortgage Loan Insurance applications.

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