02-28-2006, 11:48 PM
meford4u,Feb 28 2006, 09:45 AM Wrote:One thing I have to mention that maybe even Flo doesn't know about. When you buy new you get involved with CMHC and their fradulant insurance scheme.
Its a complete waste of money IMO and if you don't realize it now Nate, they are going to charge you about $5k?? I think when you go to finalize your paperwork with your lawyer.
I swore I would never pay that again and now that I have bought a new house I made sure that I had well over 25% to avoid the CMHC costs.
[right][snapback]172583[/snapback][/right]
CHMC is a crock.
We worked so bloody hard so we didin't have to pay that crap...
It felt good to decline those bastards.