If you ever doubted the need for a home inspection prior to purchase, the unusual finds of some Calgary inspectors might be enough to convince you.

The common misconception is all mortgages are created equal –  the only piece you have to pay attention to is the interest rate.

 That couldn't be further than the truth.

In fact, if you consider the mortgages of the five big bank – RBC, BMO, TD Canada Trust, Scotiabank and CIBC – the only commonality is the interest rate. The 20 or so pages that make up the rest of the mortgage document are completely different.