Mortgage is a big step to take financially so if you are new to this then you better plan this out properly. In short you would have to take mortgages seriously if you do not want to be a part of a bad statistic showing those whose finances have failed because of mortgages then you better be all ears. Here are the things that you ought to know about mortgages:

Long term commitment

This is one of the major reasons why you would have to really focus on why you would want to really go for mort...

Mortgages can take a very long time to pay off, especially if the borrower is just going to pay the minimum required amount. Amortization periods in Canada often take up to 25 years, which means that you can be in debt for a quarter of your life span, that is if you grow up to a hundred years old. Fortunately, you do not have to be forever stuck in this situation. There are several things that will help you pay off your mortgage debts sooner rather than later.

Compare the Different Rates bei...