A lending institution, such as a bank, authorized by the Government of Canada to make loans under the National Housing Act. Only Approved Lenders can offer CMHC-insured mortgages, ensuring compliance with federal standards. These lenders provide mortgage options that meet specific criteria, offering borrowers access to insured loans with potential benefits like lower down payments and competitive interest rates.
*The information provided is for educational purposes only and should not be considered legal advice. For specific legal concerns or questions related to your mortgage, it is always best to consult with a qualified legal professional.*
