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Do I get a refund?

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    Do I get a refund?

    Hi there! I'm thinking of getting a mortgage to buy my new house from through a mortgage broker from Ontario. I'm purchasing it with 5% down payment. According to the recent CMHC changes I am liable for the 15% increase in insurance premium. What if I sell this place a year later? Do I get some sort of refund on the premium, or is it a sunk cost?Also, if I'm to buy more houses, do I have to pay for another entire CMHC premium, or is the insurance portable?
    We help to approve your first mortgage and have years of combined experience in commercial, industrial and investment mortgages.

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