Buying a home? Savvy mortgage shoppers know comparing the market for the best rate is a great way to score a better deal on home financing. But a truly great rate includes more than just the cheapest pricing. Check out these essential mortgage features – and ask for them by name.
Despite repeated warnings from the Bank of Canada, Canadians seem to be in no particular hurry when it comes to clearing away their mortgages, according to recent research from CIBC.
Breaking your mortgage, or even trying to pay it off early, can result in steep mortgage penalties. Calculating these costs can be very confusing for consumers – but banks are looking to address this information gap with a new code that calls for more transparency.
What best mortgage features do you consider when choosing your financing? Vote for your favourite features in RateSupermarket.ca
s Best of Finance 2012 awards.