If you're planning to buy a home, you'll probably need a mortgage. In the simplest terms, a mortgage is a type of loan that you take out to purchase a home. It's a long-term commitment, usually lasting 25 to 30 years, so it's important to understand how it works before you sign on the dotted line.
Check out our quick video on the mistakes many first time home buyers make in Canada!
Here's a few things you'll learn more about in this blog.
To get a mortgage, you'll need to meet the requirements set by the lender. Typically, these include having a good credit score, a stable income, and a down payment.
Working with a mortgage broker allows you to evaluate mortgages from a variety of lenders without…
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