The right mortgage for you isn't necessarily the one that offers the lowest rate, but rather a complete package of terms, conditions, rates and fees that fit your specific short- and long-term financial goals.
If a mortgage is portable, certain terms of the mortgage (usually at least the interest rate and the remaining term) may be transferred to the borrower's new property if the borrower sells the original mortgaged property.
A mortgage is a big commitment. Most mortgages are paid over 25 years but we have some tips to help you pay your mortgage off faster. Reducing the number of years you make mortgage payments can add up to big savings.