For REALTORS^®

At Genworth, we know how important it is to own a home. That’s why we have pioneered mortgage insurance products that have helped more than 1,000,000 Canadians achieve homeownership more affordably.

Genworth combines technological and service excellence with risk management expertise to deliver innovation to the mortgage marketplace. We work with REALTORS, Lenders and Brokers to help make homeownership a reality. As supporters of the Canadian Real Estate Association we’re committed to the success and professional development of REALTORS by providing you with:

Continuing education through our Genworth Development Centre
Business development resources through GenworthEdge.ca

What is Mortgage Default Insurance?

Mortgage Default Insurance is a great way for home buyers to achieve the dream of home ownership without a large down payment.

There are two types of mortgage options: conventional mortgages which require a minimum 20% down payment and high ratio mortgages which are designed for people who do not have the 20% down payment. High ratio mortgages require mortgage default insurance. This insurance provides the lender with the flexibility to offer homebuyers the same competitive interest rates available to those with a larger down payment. This insurance should not be mistaken for Mortgage Life Insurance which protects the homeowner in the event of death, sickness, unemployment or disability.

Helping You Sell More Homes

Genworth is there to help meet Canadians' needs through the different stages of their lives. We offer a competitive choice of flexible and innovative mortgage default insurance products for the purchase, renovation or refinancing of homes across Canada.

Genworth introduced mortgage default insurance portability to Canadians. Most lenders have a portability feature, which allows home buyers to transfer their original mortgage to a new property, preserving a low interest rate. If they decide to transfer their mortgage to a new home, and Genworth insures it, they may be able to port the mortgage default insurance as well, allowing them to save on future insurance premiums.

In addition to our standard high ratio product offerings, Genworth also offers unique mortgage default insurance products that benefit Canadians, including:

Purchase Plus Improvement: makes it possible for home buyers to make improvements to homes immediately after taking possession.
Business For Self (Alt. A): opens up high ratio mortgage opportunities for self-employed borrowers who cannot provide traditional income verification.
New To Canada: allows eligible homebuyers who have recently immigrated or relocated to Canada to qualify for Genworth mortgage default insurance.
Vacation/Second Home Mortgage:assists borrowers with obtaining financing for the purchase of a vacation or recreation home.
Family Plan: developed for homeowners who want to help buy a home for elderly parents or entrepreneurial/student children with good credit but insufficient income to meet standard requirements.
Cashback Equity: helps home buyers with good credit purchase a home without using a traditional down payment.

Homebuyer Privileges™ Program - Savings and Discounts for Your Clients

The additional homeownership costs of moving, painting, furniture and major appliances are hard for home buyers to avoid. We know these expenses can stand between your client and their dream home, so we have teamed up with mortgage lenders and key nationwide suppliers to create Homebuyer Privileges™ (HBP).

The HBP program is an exclusive online offering that lets your Genworth-insured customers enjoy significant savings on products and services geared to new home buyers at no cost. Available to Genworth-insured customers only, they will have access to a range of offers from appliances to extended warranties, moving expenses, and household items. Participating vendors* include: Equifax Canada, Dell Canada, Bell Mobility, Bell ExpressVu, GE Appliances, Hertz, Consumer's Protection Plan, Service Experts, RONA, AMJ Campbell Van Lines and more.

To learn more about our Homebuyer Privileges™ program and how it can increase the value you provide your customers, visit Genworth.ca.

At Genworth, we understand your needs and the needs of your homebuyers and encourage them to ask their lender for a Genworth-insured mortgage, and together, we'll help Canadian families realize their homeownership dreams.*vendors and vendor offers subject to change without notice.

Homeownership Assistance Program

Genworth Financial Canada's Homeowner Assistance Program is designed to help homeowners who are experiencing temporary financial difficulties, which may put their mortgage at risk. This could be the result of an unexpected life event, such as a serious illness, marital separation, or loss of employment.

If your customer has a Genworth-insured mortgage, they can take advantage of our Homeowner Assistance Program at no extra cost. This program enables your client to work in partnership with us, the lender and mortgage advisor to establish alternative arrangements to help them stay secure in their home when times get tough.

Visit genworth.ca to find out more about how this program can provide your clients with greater peace of mind when purchasing their home.

Homebuyer Education

Genworth’s online resource, Homeownership.ca, helps Canadians build their knowledge of the homebuying process and make their homeownership experience an informed and responsible one. Our intention is to educate and provide useful information to consumers, homeowners and future first-time homebuyers. We believe it’s essential that Canadians have all the information they need to make informed decisions about homeownership, which for many is the most important investment of their lifetime.

Take advantage of various online tools at Homeownership.ca to help your customers with their homeownership journey such as:

Mortgage calculators such as What can I Afford, Rent versus Buying a Home, Mortgage Planning, Mortgage Comparison and Refinancing designed to help your customers in their planning process.
Financial Fitness Survey to help your clients understand their financial fitness levels.
My Home Planner calendar to keep track of moving milestones.
A Better Way to Home Ownership series of digests produced semi-annually that offer useful and interesting articles.
GenworthSmartShopper.ca Facebook group for weekly tips and regular contests.
Glossary of Terms to help clients better understand the purchasing process.

REALTOR Education

Genworth is committed to providing REALTORS with information, training and resources that will help you grow your business and enhance your professional skills. Take advantage of all the tools available at GenworthEdge.ca, including the following:

Genworth Development Centre offering training for REALTORS anytime, 24/7 in the comfort of your home or office.
Housing and Market Reports to keep you up to date on market trends and developments.
Mortgage Planning Calculators to help your customers make informed decisions about buying a home, obtaining and managing a mortgage.
Mobile Mortgage Planning Apps making these tools easily accessible at any time.

My Marketing Source -
Promote yourself with professional marketing tools 24/7

A resource designed to help you increase your personal brand power by offering you the ability to create your own personalized marketing materials.
My Marketing Source^TM is web based solution centre providing comprehensive assets and tools that can be customized to meet your needs. To register and gain access to your marketing tools visit www.mymarketingsource.ca

REALTOR^® is a trade mark of REALTOR^® Canada Inc., a corporation owned by CREA and the National Association of REALTORS^®.