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Mortgage brokers take into account over 35% of mortgage originations in Canada through securing competitive rates. Second Mortgages enable homeowners to access equity without refinancing the main home loan. Switching lenders at renewal provides chances to renegotiate better rates on mortgages rising and terms. High-ratio mortgages with less than 20% down require mandatory insurance from CMHC or private insurers. The CMHC home loan insurance premium varies depending on factors like property type, borrower's equity and amortization. Fixed rate mortgages provide certainty but reduce flexibility compared to variable rate mortgages. Vancouver Mortgage Broker Credit Scores help determine qualification likelihood and interest levels offered by lenders.