💡 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!