Most people require a mortgage to purchase a home. This section explains the elements of a mortgage including type, terms and how to qualify for one. In addition, choosing the right mortgage for your needs can help you retire this financial obligation sooner.
A review of principles including interest rates, payments, amortization period, pre-approval process and conventional and high ratio mortgages.
This article explains the different options available, including closed, variable, assumable and vendor-buy back.
Here is what you need to know when you apply for a mortgage. When you are prepared and have all your documents in place, you will be approved much quicker and on your way to buying your home.
When you are shopping for a mortgage compare terms, rates and payments. Differences in these areas could save you or cost you thousands over the life of your mortgage. This article provides some suggestions on making your payments work harder for you.
This article provides you with a chart that shows how much money you will save by changing the amortization period and increasing your payments.
There is more to buying a home that simply the asking price. This article outlines fees that are your responsibility, including legal, service, insurance, inspection, appraisal, survey, moving and interest.
This mortgage calculator can be used to figure out monthly payments of a home mortgage loan, based on the home's sale price, the term of the loan desired, buyer's down payment percentage, and the loan's interest rate.
Mortgage values are calculated by Real Estate Webmasters and are for illustration purposes only, accuracy is not guaranteed.