Purchasing a home is a significant milestone in one's life, and for many Canadians, it is a lifelong dream. However, the high cost of real estate can make homeownership seem out of reach. This is where mortgage loan insurance comes into play, making it possible for homebuyers to enter the housing market with a lower down payment. In Canada, eligibility for mortgage loan insurance is a crucial aspect of the home-buying process. So, let's find out about the eligibility criteria for mortgage loan insurance, including who can qualify, the requirements, and the steps to secure this essential financial protection.