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Frequently Asked Questions

12

 WHAT IS A CONVENTIONAL MORTGAGE?
A CONVENTIONAL MORTGAGE DOES NOT REQUIRE MORTGAGE LOAN INSURANCE. IT IS USUALLY ONE WHERE THE DOWN PAYMENT IS EQUAL TO 25% OR MORE OF THE PURCHASE PRICE, WHICH IS A LOAN TO VALUE OF OR LESS THAN 75%.

 
 


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Servicing Office:
Mortgage Edge
144 Wescar Lane,
Ottawa, Ontario K0A 1L0
Tel: 613.836.1751
Fax: 613.836.5951

*All Mortgages arranged and serviced by Mortgage Edge