As a Canadian homeowner, your mortgage plays a significant role in your financial journey. If your mortgage is insured and nearing maturity, you have a valuable opportunity to reassess your financial strategy and potentially secure more favorable terms.

For many Canadians, homeownership is a significant goal, and understanding the nuances of mortgage insurance is a crucial aspect of the home buying process. In this blog post, we'll unravel the mystery behind mortgage insurance, exploring what it is, why it's important, and how the premium is calculated.