What is a mortgage?

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What is a mortgage?

Rounding it up

  • To qualify for a mortgage, aim to secure the following items: a good credit score, a down payment, and a steady job.

  • Get pre-approved to find out how much you can borrow for your mortgage.

  • When looking at mortgage rates, pay attention to the current interest rate, mortgage breaking fees, and mortgage brokers options.

  • Never rush the process of getting a mortgage. Educate yourself and use tools like an online mortgage calculator to see how various rates, terms, and payment options can affect your budget.

11 min read

Barry Choi
#mortgage#home#loan#buying home

Barry Choi

Barry Choi is a personal finance expert based in Toronto who makes frequent media appearances. His website Money We Have is one of Canada's most trusted sources for all things related to money and travel.

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