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Lenders require Canada Mortgage and Housing Corporation insurance on high ratio mortgages What is the...

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Lenders require Canada Mortgage and Housing Corporation insurance on high ratio mortgages What is the primary purpose of this insurance? O A. Disability insurance for the borrowers to make sure they can pay off the house if one of them can no longer work O B. Life insurance for the borrowers to make sure they can pay off the house if one of them dies OC. Insurance for the lender to protect their collateral in case the borrower defaults and the home has declined in value OD. Insurance for the borrower in the event of foreclosure to compensate them for the full price they paid for the home

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