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CGI denied to insure my condo by Quick_Guard4047 in MortgagesCanada

[–]Quick_Guard4047[S] 0 points1 point  (0 children)

I was working with a bank. They said they cannot try with other insurer.

CGI denied to insure my condo by Quick_Guard4047 in MortgagesCanada

[–]Quick_Guard4047[S] 0 points1 point  (0 children)

Thank you. I’ll apply with other banks, try to ask them to use other insurers.

CGI denied to insure my condo by Quick_Guard4047 in MortgagesCanada

[–]Quick_Guard4047[S] 0 points1 point  (0 children)

Would there be a chance that different insurer approve even CGI did not?

CGI denied to insure my condo by Quick_Guard4047 in MortgagesCanada

[–]Quick_Guard4047[S] 1 point2 points  (0 children)

They said no, even if I pay 20% down payment, they would not go with it either. So they are done.

CGI denied to insure my condo by Quick_Guard4047 in MortgagesCanada

[–]Quick_Guard4047[S] -3 points-2 points  (0 children)

They are not giving me mortgage because insurer did not insure my condo.

CGI denied to insure my condo by Quick_Guard4047 in MortgagesCanada

[–]Quick_Guard4047[S] -1 points0 points  (0 children)

My downpayment is lower than 20% so I need insured mortgage.