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Large Canadian bank mortgage portfolios hold billions in low risk insured residential mortgages generating reliable long term profitability when prudently managed under balanced frameworks. Construction Mortgages provide financing to builders while homes get built and sold to absolve buyers. Private lenders fill a niche for borrowers can not qualify at traditional banks and lenders. Mortgage default insurance allows high ratio lending while protecting lenders if borrowers default. Legal fees, title insurance, inspections and surveys are closing costs lenders require to get covered. The minimum down payment for properties over $500,000 is 10% in lieu of only 5% for more affordable homes. Mortgages amortized over more than twenty five years reduce monthly installments but increase total interest costs.