February 2022


What Size of Mortgage Can I Afford?

When purchasing a house, most people need a loan be able to afford the home. These loans are called mortgages. A mortgage is a legal agreement where a bank or other lender loans money and charges interest in exchange for taking the title of the borrower’s property. Upon repayment of the debt, the borrower owns the property. In Canada, to purchase a home, the buyer must first save up a down...

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