The Globe and Mail recently put together a neat little video explaining how the changes will affect your monthly mortgage payments. Spoiler alert: It’s not that much of a difference when all is said and done. This video is also very useful in helping understand how mortgage insurance premiums work in general. I know a lot of my clients are confused when it comes to CMHC/Genworth premiums. These changes come into effect June 1, 2015.

 

Click on image to be taken to theglobeandmail.com to view video.

Click on image to be taken to theglobeandmail.com to view video.

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