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Genworth hikes mortgage insurance premium, matching CMHC move

Mortgage insurer Genworth Canada has matched the CMHC's hike late last week to the amount it charges borrowers with very little money down to insure their loans. On Monday, Genworth announced it would match the CMHC's move on Friday to hike the premiums it charges to home buyers who borrow at least 90 per cent of the purchase price of a home. Starting June 1, those borrowers will pay about 15 …

Read This Before Applying for a Mortgage

Source via Flickr. One of the most unpleasant aspects of buying a home is applying for a mortgage. The entire process is stressful, and even for experienced home buyers, the

Lenders begin easing requirements to get a mortgage

A closely watched index that tracks mortgage credit availability — lender requirements on credit scores, down payments and other key loan terms — has some good news for potential home buyers: Things are finally loosening up.