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Real Estate and Mortgage Institute of Canada Inc.
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t: 1-877-447-3642     e: support@remic.ca

Tag Archives: high ratio mortgage

What is a high ratio mortgage?

What is a high ratio mortgage? A high ratio mortgage is a mortgage that exceeds 80% loan to value.  This refers to either a purchase where the purchaser has less than 20% for a down payment or, in a refinancing scenario, where there is less than 20% equity in the property.