Max Ortoli, Sales Representative - 416.970.0352 - Email Me - Nikki Lobello, Sales Representative - 416.553.2008 - Email Me - Giancarlo Randazzo, Sales Representative    

       

 

 

 

 

 

CMHC Calculator

About Mortgage Insurance

Financial institutions are required by law to insure all mortgages with a loan to value ratio of less than 80%. This insurance protects the lender against borrower default.

Note: Provicial Sales Tax (8%) is applicable on mortgage insurance premiums, is due the date of closing, and is not rolled into a mortgage. Mortgage insurance premiums are exempt from the full Harmonized Sales Tax.


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Mortgage Insurance Providers

CMHC

Canada Mortgage and Housing Corporation (CMHC) is Canada's national housing agency. Established as a government-owned corporation in 1946 to address Canada's post-war housing shortage, the agency has grown into a major national institution. CMHC is Canada's premier provider of mortgage loan insurance, mortgage-backed securities, housing policy and programs, and housing research. More about CMHC can be found at http://www.cmhc.ca

Genworth Financial

GE Mortgage Insurance Canada together, with its related affiliates, is the largest private sector mortgage insurance company in the world and the only private sector supplier of mortgage insurance in Canada. http://www.genworth.ca

Mortgage Insurance Premiums Explained

Mortgage loan insurance premiums are calculated as a percentage of the loan and is based on the size of your down payment. The higher the percentage of the total house price/value that you borrow, the higher percentage you will pay in insurance premiums.

Loan-to-Value Ratio
Up to and including 65%
Up to and including 75%
Up to and including 80%
Up to and including 85%
Up to and including 90%
Up to and including 95%
90.01% to 95% – Non-Traditional Down Payment
Standard Premium
0.60%
0.75%
1.25%
1.80%
2.40%
3.15%
3.35%

 

  

 

 

 

MAX ORTOLI, Sales Representative

Prior to joining Homelife/Romano Realty Ltd., Brokerage, Max was a telecom analyst from 1993-2007 with Fortune 500 Companies, Invesco and PWC.

In 2007 Max began his full time real estate career. His goal is to add value and an enriching experience for both himself and his clients when buying or selling Real Estate. Having bought and sold several investment properties, Max has first-hand knowledge on the dynamics of working with investment properties as well as the intricacies of renovating homes. Max looks to serve clients with unsurpassed professionalism; as a result he has received a Certificate of Achievement award annually for his accomplishments. These awards exemplify Max’s strong personal commitment to Knowledge, Respect and Results for his clients and his career.

 

 

NIKKI LOBELLO, Sales Representative

Nikki Lobello received a Double Honours Bachelor Degree in French and Italian Studies from York University in 1999.

Prior to joining Homelife/Romano Realty Ltd., Brokerage, Nikki worked in the structured environment of the financial industry for 8 years. Having worked in the customer service sector her poise and perseverance left a lasting impression on those who worked with her and supervised her.

Nikki’s professionalism, warmth and approachability have made her an award winning Real Estate Salesperson. Her motivation and determination to succeed in this field have garnered her and her client’s successful results. Continuously seeking to improve her knowledge and skills, Nikki has completed the HomeLife University Education and Marketing Course and the SRES Designation (Seniors Real Estate Specialist). Her ability to connect, understand and surpass her client’s needs and expectations is an invaluable asset for all her clients.

 

 

GIANCARLO RANDAZZO, Sales Representative

Having earned a Bachelor of Arts in Philosophy with designations in Applied and Practical Ethics with an emphasis on business transactions in concert with a wealth of experience in customer and client-oriented services in the construction, hospitality, academic, and financial sectors, Giancarlo is committed and passionate about sustaining open and transparent relationships with an attention to detail in order to help others be more successful in navigating the real estate industry.

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