Mortgage Basics
Buying a home is an important financial decision
It is ideal to familiarize yourself with the varying mortgage types and features so you understand your options and can make the best choices for you!
What is a Mortgage?
A mortgage is a loan for the purchase of a home where the property acts as security for the loan. Mortgages tend to be for a larger sum of money and therefore are typically paid off over the course of a maximum 25 years.