u/causticbee

Hi there, I was all set to renew my mortgage with TD by switching to a FlexLine mortgage, but only recently became aware that I would lose my CMHC insurance in the process. How much could this cost me in the future? We will still have 15 years remaining after this term is up. Our mortgage guy did not mention we’d lose our insurance so I thought the HELOC was a perk with no downside and we even already agreed to pay for the appraisal to facilitate the switch. Mortgage isn’t up for renewal until Aug 1 so I do have some time if I decide to walk away (though guessing I’ll have to eat the appraisal cost). Thanks in advance!