Blog tagged as Amortization Period

Mortgage brokers are paid by lenders through finder’s fees, bonuses, or trailer fees, while alternative and private files may include broker fees. Learn how compensation works.

Porting lets you transfer your existing mortgage—and its rate—to a new property. Learn how ports work, lender rules, benefits, and the pros and cons.

Mortgage term is the length of your current contract, while amortization is the total time to pay off your mortgage. Learn how each affects payments, renewals, and long‑term interest.

A standard charge registers only your mortgage amount, while a collateral charge registers a higher limit for future borrowing. Learn the pros, cons, and switching implications.

Co‑signing a mortgage creates a bare trust, making you a legal owner and now requiring T3 filing—even when no income is earned. Learn what CRA’s new rules mean for you.