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How to determine the best mortgage for you

Location
Vancouver, Toronto, Calgary
Publish Date
2022/09/08

When doing research to determine what one can afford, planning on interest rate rises in the future should be a consideration.Although interest rate rises affect home buying power, it may not be as much as many think. A mortgage of $400K with a 25-yr amortization: Monthly payment at 4%: $2,104 Monthly payment at 5%: $2,326

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Canada, Ottawa, Vancouver Island, Edmonton, Kelowna, Quebec