Is amazing how many people have no idea what "mortgage insurance" means...
I have met many people, think mortgage insurance is the same as mortgage loan insurance.
Ok, let's make it clear: mortgage loan insurance is usually provided by CMHC and GE, mostly CMHC. From
CMHC's web site, it defines mortgage loan insurance as follows: Mortgage loan insurance is typically required by lenders when homebuyers make a down payment of less than 20% of the purchase price.