Mortgage Home
A special debt - Mortgage
Mortgages are complicated, boring and necessary.
Types of mortgage.
| By interest rate | Variable rate mortgage |
Fixed rate mortgage |
| By mortgage ratio | Conventional mortgage (cover less than 75% of house value) |
High-ratio mortgage (cover less than 75% of house value) |
| By mortgage type | Open |
Close |
Mortgage rates -Long or short, variable or fixed?
How to borrow a mortgage?
- Know how much you want to borrow
- Get a pre-approval
- Bargaining for the best rates
Pay off your mortgage
- Make regular lump-sum payments off the principle.
- Shorten the amortization period
- Increase monthly payments
- Take a weekly mortgage.
Mortage providers
- Banks
- Other financial institutions