PST on Default Mortgage InsuranceBy Scott WestlakeSeptember 24, 20200 comments#defaultinsurance #mortgagedefaultinsurance #firsttimebuyer #F #thewestlaketeam #twt #scottwestlake #mortgageadvise #realestate #oakvillemortgageadvise #burlingtonmortgageadvise #torontomortgageadvise Many buyers are not aware or prepared to pay the Sales Tax on the Mortgage Default Insurance Premium - this is when you’re putting less than 20% down payment on a purchase. This is also in addition to your down payment and other closing costs. Sales Tax in Ontario is 8% ...Read more...
What is Mortgage Default InsuranceBy Scott WestlakeJanuary 16, 20190 comments#defaultinsurance #mortgagedefaultinsurance #genworth #thewestlaketeam #twt #scottwestlake #mortgageadvise #realestate #oakvillemortgageadvise #burlingtonmortgageadvise #torontomortgageadvise In 2018 a very common question, especially among our first time home buyers, was with regards to default insurance. I thought the best explanation out there is credit from our good friends at Genworth Financial: http://genworth.ca/en/homebuyers/index.aspx What is Mortgage ...Read more...