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Interested in learning more about property mortgages in Canada? Look no further!
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What is a mortgage?

– moneysense.ca

Mortgage negotiations can be overwhelming, especially for first-timers. If you’re wondering about mortgages—how they work, what types of mortgages exist, who can apply and how to get approved—you’ve come to the right place. 

Mortgage: the simple definition 

In its simplest form, a mortgage is a loan used to buy a home or property. Like other loans, each comes with its own interest rate, amortization (repayment) schedule and other terms. With a mortgage, the home itself is used to secure the loan. This means if the mortgage holder fails to make payments, the home could be repossessed by the lender. 

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Not all mortgages are built the same, so it’s important to find a mortgage that works for you and your situation. At the beginning of the application process, you should educate yourself about the following variables:

Repayment term: The amount of time you have to repay your mortgage…

Continue Reading On moneysense.ca »

Even before fixed mortgage rates started rising last month, housing affordability continued to deteriorate in the third quarter.

Continue Reading On canadianmortgagetrends.com »

Fixed mortgage rates have been climbing steadily since September. But by how much at what cost for new homebuyers?

Continue Reading On canadianmortgagetrends.com »

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