Mortgage
Plans Available
Now you can choose a mortgage
plan that best suits your needs
Business
For Self Plan
This
plan is for self-employed borrowers and commissioned
sales people who cannot provide traditional income verification.
Buyers can buy with as little as 5% down payment.
100%
Finance Owner-Occupancy Plan
A program
for home buyers who have established an excellent
credit history but have not yet saved the required down payment
or may have chosen to use their savings to build assets in other
ways.
Cash-Out
Refinance Mortgage Default Insurance Plan
This
plan helps qualified home buyers take equity out of their home
for asset enhancing purposes, investments or significant life
cycle
events
First
Mortgage Family Plan
Mortgage
default insurance for buyers who are purchasing property
for immediate family members to live in with as little as a
5% down
payment. For example, buying a home for a child to live in while
at
a post secondary institution. Or a home for parents to live
in.
First
Mortgage Owner-Occupancy Plan
A plan
that allows eligible Canadians to buy a home with as little
as
5% down payment. Buyers must plan to live in at least one unit
of
the property to qualify for this program.
First
Mortgage Owner-Occupancy 3-and-4 Units Plan
Mortgage
default insurance for eligible buyers of three and four unit
properties, with as little as 10% down payment. Buyers must
plan
to live in at least one unit to qualify for this program
Investment
Property Plan
Genworth
will now be providing mortgage insurance on an
innovative rental program accessible to qualified borrowers
with as little as a 10% down payment.
New
To Canada Mortgage Default Insurance Plan
Now
qualified home buyers who have immigrated or relocated to
Canada can qualify for Genworth default mortgage insurance with
As little as a 5% down payment.
RRSP
Down Payment Mortgage Default Insurance Plan
A program for home buyers who want to take advantage of the
Federal government's First-Time Home Buyer's Plan (HBP).
This permits the use of RRSP funds for the purchase of a home
by a first-time home buyer.
Refer
to Revenue Canada document P150 (E) for further details concerning
this program.
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