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Posted on 24-May-2016 12:36
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Buying a home is likely to be the biggest purchase youll ever make and a mortgage will be your largest debt. Because you can spread the repayments on your home loan over so many years, the amount youll pay back every month is more manageable, and affordable!.
Interest rates on mortgages tend to be lower than any other form of borrowing because the loan is secured against your property. This means the bank or building society has the security that if it all goes wrong and you cant repay it there is still something valuable your property to sell to pay back some if not all the mortgage.
Interest rates on mortgages are constantly changing over the years theyve been higher than 15% and lower than 2%. Fixed rate and tracker mortgages tend to be the most popular, but there are also discount and offset mortgages, plus products aimed at first time buyers and landlords. Our guide on different types of mortgages explains these in more depth.
For more information please contact Vertuity Mortgage Inc, 3200 Roblin Boulevard, Winnipeg, Manitoba, R3R 0C3, Ph: 204.888.HOME (4663)/ Fax: 1.888.245.9717.
Address 3200 Roblin Boulevard Winnipeg, Manitoba R3R 0C3
