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Question 1:
3 c1 |! ~* q. f, ^/ ~ c) }The mortgage company will calculate your downpayment percentage when they need to release the mortgage for your closing. If there is a CMHC insurance fee, the fee will be added to your final mortgage amount.
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Question 2: if I purchase the lot and apply for a mortagage for this lot purchase, does CMHC charge the insurance fee? Thanks.# g% l! f: W6 N3 E# [4 U
Normally, the lending company will not lend money for you to buy a lot (land). |
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