Updated almost 5 years ago on .
CMHC Loans, Re-fianance options, and mortgage insurance
Me and a Buddy are looking to buy our first Rental property together. More than likely a multi-family, 2-4 units. I’ve been looking into getting a loan through the Canadian mortgage and housing corporation so that we don’t have to come up with such a large payment. Obviously paying 5%- down is a lot easier to come with than the standard 20% for residential loans. Looking for advice / will getting a CMHC loan affect refinancing / “Mortgage insurance?”