For people who can’t borrow enough to afford a home, having someone co-sign a mortage can help. However, co-signing a mortgage can be risky… here’s why.
Read articleMortgages
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When you take out a mortgage, you’ll sign a contract with your lender that outlines the specific features of your mortgage, such as the interest rate you’ll pay, whether it’s open or closed, and any additional perks such as the ability to make accelerated payments, and porting your mortgage.
Read articleOnce upon a time, a million dollars was a kingly sum – enough to set the average person up for life.
Read articleLet’s say you are currently locked into a five-year mortgage term, with two years to go until renewal time.
Read articleyou’re facing a significantly higher mortgage payment at renewal, a possible solution is to extend the amortization period of your mortgage (the length of time over which your payments are spread out).
Read articleWhat is co-op housing? They’re not uncommon in Canada, and they might be right for you. Here are some pros and cons of buying a co-op property.
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