25 January 2011

Another interesting thing is that 55% of Canadians chose weekly, bi-weekly payments or twice a month schedule. 79% of them said they did so, because they wanted to pay off their mortgage faster.
Among other important mortgage features the following were mentioned: portability, increase and blend privileges, rate change from variable to fixed, penalty calculation and others. That’s why it’s always necessary to consult a mortgage professional before signing any mortgage documents.