Finance financing types: Difference between revisions
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= Mortgages = | = Mortgages = | ||
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== Documentation == | == Documentation == | ||
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== Fun Facts == | |||
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* Canadian mortgages compound bi-yearly by law | |||
* Down Payments less than 20% require | |||
** Mortgage Insurance (protects the lender at your expense) | |||
** A term of 25-years or shorter | |||
* In addition to the purchase price, you'll be charged a land registration fee (a percentage of your purchase price) | |||
* You may need to purchase utility-hookup fees, painting/cleaning | |||
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</blockquote><!-- Documentation --> | </blockquote><!-- Documentation --> | ||
</blockquote><!-- Mortgages --> | </blockquote><!-- Mortgages --> | ||
Revision as of 21:59, 10 April 2022
Mortgages
Documentation
canada gov: mortgage portal https://www.canada.ca/en/financial-consumer-agency/services/mortgages.html canada gov: pay mortgage faster https://www.canada.ca/en/financial-consumer-agency/services/mortgages/pay-mortgage-faster.html Fun Facts
- Canadian mortgages compound bi-yearly by law
- Down Payments less than 20% require
- Mortgage Insurance (protects the lender at your expense)
- A term of 25-years or shorter
- In addition to the purchase price, you'll be charged a land registration fee (a percentage of your purchase price)
- You may need to purchase utility-hookup fees, painting/cleaning
