What does “prime rate” even mean? In this post, we define “prime rate” in Canada and talk about what that means for home buyers.
What is a blended rate? And how is it different than a fixed or variable rate? In this post, we talk about the differences.
Any time you borrow money, there are two components to the transaction. There’s principal, and there’s interest. In this post, we define “principal”.
Let’s talk about what a mortgage term is, and what that might mean to you, as a buyer.
In this post, we look at a ten dollar word associated with mortgages: amortization.
WHAT’S THAT? VARIABLE RATE? An adjustable rate may be right for you. Last time around we talked about fixed interest rates. In our simple example we borrowed $100 for a year, and paid 4.0% interest (or $4) to do so. The total amount owing after 12 months was $104. Variable rate mortgages on the other…
What does “fixed rate” mean? In this post, we talk about what this might mean to a home buyer
To protect both parties, it’s recommended that an independent third party, such as a notary public, be hired.
What is a lien? In this post we define it and talk about what it might mean to a home buyer.