The Difference Between Mortgage Amortization and Term

What is a mortgage amortization?

Do you want to know the difference between mortgage amortization and term? When shopping for a home, many people focus on mortgage interest rates. It makes sense since the lower the rate you can get, the more home you can technically afford. While low rates are important, it’s not the only thing you should consider…

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5 Mortgage Mistakes to Avoid When Applying

mortgage mistakes to avoid

For most people, getting a mortgage is a┬ámust when purchasing a home. It’s a pretty straight-forward process, you borrow money from a lender so you can purchase a home. Despite how “simple” it sounds, there are plenty of mortgage mistakes to avoid when you’re making an application. The biggest mistake is arguably not getting pre-approved…

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7 Ways To Pay Off Your Mortgage Faster

Yikes, fewer Canadians are paying off their mortgages faster according to a poll done by CIBC.  Only 55% of us with mortgages plan to make extra payments compared to 68% polled last year. Okay, I suppose it’s possible that homeowners are taking advantage of the low interest rates and we’re investing their extra money instead…

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