Many people looking for a mortgage would have an idea about fixed or variable interest rates, open or closed mortgages, and conventional or high-ratio mortgages. But perhaps, they don’t know about collateral and traditional charge mortgages. What is the difference and is it important? Last 2014, an agreement was reached between the federal government and…
If you are planning to buy a house, one of the most important decisions you will need to make concerns your mortgage. Homebuyers are always confronted by this proverbial question: to fix or to go variable. You will need to understand the terms and conditions of a fixed rate and a variable rate mortgage to…
Everyone dreams of getting the best interest rate for their mortgage. After all, the smallest percentage point can save you THOUSANDS of dollars in the long run. Frankly, it is really worth taking the time to shop around and find the lowest rate available in the market. If you agree with that, then you are at…