Stories Tagged - amortization
Sept. 09, 2020 | Tyler Difley
To help you cut through the jargon, here's an alphabetical list of common mortgage terms and their definitions:
June 01, 2020 | Tyler Difley
As the COVID-19 pandemic continues, many Calgarians have lost their jobs, been furloughed (i.e., temporarily laid off) or seen their working hours reduced. If this has happened to you and you own a home, the loss of income could, understandably, make it difficult to keep up with mortgage payments.
June 30, 2016 | CREBNow
So you're ready to be a homeowner. But is your bank account?
Canada Mortgage and Housing Corp. (CMHC) offers the following tips to help first-time homebuyers determine if their financially ready to take that first step:
June 24, 2016 | Paula Trotter
Fixed versus variable; closed versus open; payment frequency: When it comes to picking a mortgage, do you know what's best for you?
BMO mortgage specialist Laura Parsons offers her insights.
Fixed versus variable interest rate
A variable rate will fluctuate with prime – meaning you could end up paying more interest if prime changes. A fixed rate will not fluctuate.
June 30, 2015 | Nolan Matthias
Some would think a rate sheet would make mortgage-shopping process easy. All you have to do is scroll through the list and find the company with the lowest rate, right? After all, pretty much every mortgage is the same? All you need to do is find the best rate?
It's not quite that easy. Not all mortgages are created equal. Behind each of those rates is a set of terms and conditions that affect the price of the mortgage, quite often more than the interest rate itself.