Interest rates have now been climbing for a year and have received a lot of attention in the media, but rates shouldn’t be all we focus on when choosing a lender or mortgage product?
In today’s world, people change jobs and often homes more often than previous generations did, so having flexible mortgage terms can often save you more than a few points on a mortgage rate. The challenge is most people focus on the rate and pay little attention to the small print in the mortgage terms as they are not sure about what to look for and what questions to ask.
Here are 4 questions you should know the answer to before committing to a mortgage:
The trade marks displayed on this site, including CREA®, MLS®, Multiple Listing Service®, and the associated logos and design marks are owned by the Canadian Real Estate Association. REALTOR® is a trade mark of REALTOR® Canada Inc., a corporation owned by Canadian Real Estate Association and the National Association of REALTORS®. Other trade marks may be owned by real estate boards and other third parties. Nothing contained on this site gives any user the right or license to use any trade mark displayed on this site without the express permission of the owner.
powered by WEBKITS