Morris3038
Created page with "Mortgages are registered as collateral against the property title until repayment to allow for foreclosure processes if needed. Fixed term mortgages allow rate locks insuring stability but reduce flexibility vs variable/adjustable mortgages. Shorter and variable rate mortgages allow greater prepayment flexibility. The CMHC provides a free online mortgage insurance calculator to estimate premium costs. First-time homeowners have usage of innovative new programs to reduce..."