Minding Your Mortgage Myths Quiz: How Much Do You Know About Down Payments, Mortgage Rates, and More?

Couple helping each other lift moving boxes

Your finances are in order and you’re pretty sure you can qualify for a mortgage. Congratulations, this is the first step on the road to homeownership. But can you pass our mortgage myths test?

If you’re a newbie homebuyer, making your way through the maze of mortgage terms, types, and down payment requirements is tough. According to a recent study, 92% of Canadians see at least one barrier to homeownership standing in their way and is causing concern. Two of their top worries are related to the mortgage process, with more than half of Canadians seeing their ability to qualify for a mortgage as an obstacle.

While we can’t control rising interest rates, we can help you become better informed about the mortgage process. We invite you to take our quiz and debunk some popular (but false) mortgage myths along the way.

 

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