If you are buying http://tinyurl.com/y8664a9 Assume an existing mortgage you can save the CMHC premium, If you are selling, you can save the discharge fees and penalty. This is a time for experienced sales professionals. Contact David at 647 218 2414 http://davidpylyp.com
An assumption of a CMHC insured mortgage, this is really an underwriting question and you may wish to check with a CMHC underwriter at 888 463 6454.
...The approval of the assumption is a Lender responsibility, if the new purchaser is paying cash to the mortgage there is no additional CMHC fee or premium to be paid.
David Pylyp
dpylyp 3 years ago