Know your options for mortgage interest
Jun. 9th 2010 posted under Mortgages & Loans
With the Canadian resale housing market booming, and indications that the Bank of Canada will increase interest rates on June 1st, there's been a lot of attention lately regarding the various options available for mortgage loans.Whether you're applying for a new mortgage, or thinking about ...
The Language of Mortgages
Jan. 2nd 2010 posted under Mortgages & Loans
Here are explanations of some of the most common terms used in credit - not necessarily legally precise but they'll give you an idea of what the various credit terms mean.
Amortization - The period over which the principal and interest on installment or mortgage loans are ...
Amortization - The period over which the principal and interest on installment or mortgage loans are ...
Choosing a Closed Mortgage to pay off your home sooner.
Jan. 2nd 2010 posted under Mortgages & Loans
Canadian homeowners know that paying off your mortgage is the key to achieving financial freedom. Knowing that, it's surprising how many homeowners shy away from closed mortgages and opt to pay a higher interest rate to get the payment flexibility offered by an open mortgage. While it may sound ...