Office: 613-932-4663
 Email: Info@StormRealty.ca

         

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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.


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 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. www.genworth.ca


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The Storm Realty Story

Steven Iwachniuk Broker of Record and Owner of Storm Realty started selling real estate on April 1st, 2004 with another local real estate company in Cornwall, Ontario. Roughly six years later in 2010, one night Steven was going to bed and he ask himself, "What do I want to do with the rest of my life? He then wrote the question down on a piece of paper and put it beside his bed. Around 2:30 am that night he jumped out of bed. His wife Julie was startled and ask what's wrong? Steven replied, I know what we need to do. We are going to open our own real estate brokerage. ‚ÄčThe very next day Steven started researching, how do I open a real estate brokerage in Ontario, Canada and then a few days later he went to see his lawyer to start the process. On June 24th, 2010, Storm Realty was born. Read More >>

Storm Realty

1410 Pitt Street,
Cornwall, ON, K6J 3T8

 Office: 613-932-4663
 Fax: 613-932-3600
 Email: Info@StormRealty.ca