Buying a home? Learn how conditional offers work, common conditions, and market impacts with the mortgage brokers in Calgary, Alberta, at Mortgage Connection. […]
What Is a Conditional Offer?
What Is Amortization?
Confused by amortization? Learn how it works and why it matters with the mortgage brokers in Calgary, Alberta, at Mortgage Connection. […]
What Is a Loan-to-Value Ratio?
Confused by your mortgage terms? Learn what a loan-to-value ratio is, how to calculate it, and why it matters with Mortgage Connection in Calgary & Edmonton. […]
What Is an Adjustable Rate Mortgage?
Learn how an adjustable rate mortgage works in Canada, how it compares to fixed and variable rate mortgages, and whether it’s the right choice for your financial goals. […]
What Is Mortgage Underwriting?
Confused by mortgage underwriting? Learn about credit checks, appraisals, and loan approvals from your mortgage brokers in Calgary, Alberta. […]
What Is an Equity Take Out Mortgage?
Equity Take Out Mortgage Definition: An equity take out is a loan that lets you borrow money against your home’s equity. […]
What Is a Mortgage Principal?
Mortgage Principal Definition: Your mortgage principal is the amount of money you originally borrowed from a lender to buy your property. […]
What Are Assumable Mortgages?
Assumable Mortgage Definition: An assumable mortgage is a type of loan that lets a home buyer take over the seller’s existing mortgage terms. […]
What Is a Gift Letter?
Gift Letter Definition: A gift letter is a signed document that states the funds you received for a down payment are a true gift with no expectation of repayment. […]
Accelerated Bi-weekly vs Bi-weekly Mortgage Payments
The key difference is that an accelerated bi-weekly plan has you make the equivalent of one extra monthly payment per year, which pays down your mortgage much faster. […]
Read More… from Accelerated Bi-weekly vs Bi-weekly Mortgage Payments
