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What is the change in the Mortgage Default Insurance Premium?

April 26, 2017council Default Directive Insurance mortgage Premium relocation

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What is the change in the Mortgage Default Insurance Premium?

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A13. The MDI Premium shall now be reimbursed in one lump sum. Also, the premium is now only required where the mortgage is for 80% or more of the purchase price. Q14. I currently pay this premium to the bank on a monthly basis. Will this affect how I am reimbursed? A14. No, a relocating employee will be reimbursed the premium once, in a lump sum, regardless of whether the employee paid the premium in one lump sum or pays on a monthly (or other time) basis. Q15. I have noticed that the sections on Relocation of Initial Appointees and EX/GIC Relocations are no longer part of the Relocation Directive. Do they still exist and where can I find them? A15. Yes, they still exist but they are no longer part of the directive. The section can be found at the following links: (http://www.tbs-sct.gc.ca/pubs_pol/hrpubs/TBM_113/iairp-prinefp_e.asp#1.01, http://www.tbs-sct.gc.ca/hr-rh/in-ai/2008/0526_e.asp, http://publiservice.tbs-sct.gc.ca/hr-rh/gtla-vgcl/menu-reloc-reinst_e.asp).