This video is the ULTIMATE GUIDE to understanding mortgages A mortgage is one of the largest long-term loans a household may ever take-on so you should really gain a clear understanding on this subject. In this video we will talk about:
What is a mortgage?
How does a mortgage work?
A breakdown of common mortgage terminology (eg; amortization, terms, fixed vs variable interest rates, open vs closed mortgages, GDSR vs TDSR etc.)
How to Pay off your mortgage faster?
What is default mortgage insurance?
Qualifying mortgage requirements
What is a HELOC (Home Equity Line of Credit)
And so much more