QUOTE CMHC insures the bank, not the borrower I read that CHMC insures the mortgage itself... But I`m new to this, so maybe I misread it. Are you saying that it`s the bank that gets CMHC insurance, not the borrower? I am confused then... How come some investors were talking about getting...

QUOTE Most financial institutions or credit unions will agree to a limit on your personal guarantee What do you mean? There is always a limit on the personal guarantee - it`s limited by the amount of loan/mortgage (with interest and miscellaneous fees). The bank cannot go after all your assets...

QUOTE (GarthChapman @ Mar 22 2009, 07:43 PM) No-one insures against war or insurrection etc. So maybe my "personal guarantee" should have the same exclusions?

QUOTE Many investors believe, erroneously, that putting the property in a company`s name, that their financial liability is limited in event of mortgage default. I know, what matters is who is listed on the mortgage. If mortgage is quaranteed personally, having property in company name won`t...

How does it work with personal guarantees for mortgages on multi-unit investment properties? I know for the house mortgage you have to sign personal guarantee. But in the case of investment building, I want to limit my risk to losing the building and the downpayment only, if things were to go...