Calgary Mortgages

The shorter the amortization period, the quicker you pay off your loan and the higher your monthly payments become.

Not to be confused with you mortgage "term" which is, the length of time your interest rate is in effect.

If you decide to co-sign on a loan, you will be placed as the "Co-Borrower". This means that you are buying that home alongside the Primary Buyer.

In the event that the primary borrower defaults, you will be responsible for the loan.

The deed of a mortgage is evidence of the interest being transferred to the mortgage holder.

Your mortgage deed will typically be signed at your solicitors office, during the closing of the transaction.

This is the combined household income before any tax deductions.

This number is used to help indicate your borrowing power.