In Canada we have about $1.6 Trillion in residential mortgage debt and a recent survey found that most Canadians dont know the parts of their mortgage! Less than 49% knew the difference between mortgage term and contract term and less than 30% knew what amortization is. (Macleans Article Jan 16, 2020)
So I'm here with Mortgage Broker - Kaitlyn Vickery - to give you the rundown on your mortgage. For those who already have a mortgage and might be looking to refinance or those interested in getting their first home.. and their first mortgage we're also giving you a few tips on what to look for.
In less than 10 minutes you'll know more about mortgages that the majority of the country!