When it comes to purchasing a home, understanding the ins and outs of mortgages is paramount. In Canada, the mortgage landscape is influenced by various factors, including regulations set by the Canada Mortgage and Housing Corporation (CMHC). In this guide, we'll take you through the steps to kickstart your mortgage journey, how to prepare in advance, and how to ensure you're financially poised for success.
Starting Your Mortgage Journey
Begin by familiarizing yourself with the basics of mortgages, interest rates, and terms. Understanding different types of mortgages, such as fixed-rate and variable-rate, empowers you to make informed decisions.
Use online calculators to estimate how much you…
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