Nov. 07, 2018 | Mario Toneguzzi
Mortgage loan insurance has become a popular way for people to buy a home when they can't come up with a 20 per cent down payment.
"I would say that 95 per cent of all first-time homebuyers require the insurance," said Calgary REALTOR® Crystal Tost. "It's expensive in Calgary. How do you save 20 per cent to get around insurance when you're paying rents and car payments, and probably have credit cards? It's definitely a good program for people that want to get into a home."