💡 Why Do Insured Mortgages Have Lower Rates Than Uninsured Mortgages? Insured mortgages often have lower rates because they protect lenders if a borrower cannot repay the loan. This insurance, typically provided by organizations like the Canada Mortgage and Housing Corporation (CMHC), makes the loan less risky for lenders. 📉 Without this protection, lenders take on more risk with uninsured mortgages. To offset this risk, they charge higher rates. Borrowers who skip paying insurance premiums on uninsured mortgages may still spend more because of these higher rates. 🧠 Let’s find the best option for you!

🏡 Affordable home ownership made easier! Did you know the CMHC Home Start program includes newly built manufactured homes? With mortgage loan insurance and financing up to 95% loan-to-value, it’s perfect for first-time buyers seeking a flexible and cost-effective path to owning a home. 🌟 Ready to learn more? Click here.