Mortgage Information

When considering purchasing a home we’ve all heard how important it is to save for the down payment, but what is it?A down payment is money you pay to secure a large purchase like a home. The down payment is your first payment of the purchase, and represents your...

A mortgage is a long-term bank loan that allows people to buy houses and property. In order to turn profit, banks add interest on top of the principal loan payments. The real cost of a mortgage depends on your downpayment, the principal loan, the interest rate, your...

Use our Mortgage Payment Calculator to calculate what your monthly payment would be: There are a number of factors to consider when determining the size of the mortgage you can afford.  You must consider the mortgage from the lender's...

When considering the purchase of a home, buyers must be aware of the different types of mortgages available to them to determine what will best suit their needs. There are two main types of mortgages to be aware of: Fixed Rate and Variable Rate. Fixed Rate Mortgages...