MortgagesInVancouver.com Hi everyone. How are you? It’s Leah Coss with The Mortgage Centre and I wanted to come out on this fabulously rainy day here to chat with you about mortgage insurance. And I wanted to just quickly describe the two different types. If you want more depths on each one, go to my blog, MortgagesInVancouver.com or LeahCoss.ca and that’ll go the specifics of both insurances. But I wanted to make sure that you understand there’s two types of insurance out there that is mortgage insurance. One of them is a type of mortgage insurance that you need before you get the home and in order to qualify to even get the home and to get the mortgage. The other mortgage insurance is where you get afterwards. Once you have the home, once you have the mortgage and it’s something that’s the typical mortgage which ensures you in case something happens. The first mortgage insurance is something that ensures the banks. So I’ll just quickly describe each one and like I said, if you want more, in depth information, just go to my blog. You’ll find a video on each one. But the first one is CMHC insurance which is what a lot of people will call it. But there’s also Genworth insurance as well as AIG insurance. This insurance is meant to protect the banks and your lender, not you. So it’s very important that you understand that. There’s my doggie in the background. So with the mortgage insurance, this is something that some lenders are called bulk insurers. That means that no …