A mortgage is usually the largest financial commitment a person will make. The interest is far more than any other debt, yet it is troubling that many of the details involved in mortgage applications are poorly explained — if at all — to those applying for the loan. More
via moneyville.ca
There are several fees associated with high ratio (insured) mortgages that are often not well explained by the lender. It’s worth taking the time to understand these fees, especially for those first time buyers who are squeezing every penny and cannot afford nasty surprises.
