Finance financing types: Difference between revisions
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| canada gov: pay mortgage faster || https://www.canada.ca/en/financial-consumer-agency/services/mortgages/pay-mortgage-faster.html | | canada gov: pay mortgage faster || https://www.canada.ca/en/financial-consumer-agency/services/mortgages/pay-mortgage-faster.html | ||
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| york U: guide to mortgage calculation || https://www.yorku.ca/amarshal/mortgage.htm | |||
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Revision as of 22:00, 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 york U: guide to mortgage calculation https://www.yorku.ca/amarshal/mortgage.htm 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
