What type of mortgage and options are best for my needs?
- a fixed or variable rate mortgage
- an open, closed or convertible mortgage
- Short or long mortgage term
- Short or long amortization period
- Frequent or less frequent mortgage payments
- Regular or accelerated payments
- The ability to make prepayments or lump sum payments
- The option to transfer my mortgage to another home if I sell my home
- How will different factors (e.g., frequency of payments, amortization, etc.) influence the total cost of my mortgage?
- How can I save on interest charges?
- What penalty charges may apply if I want to break my mortgage contract or renegotiate a new one?
- What fees are involved in setting up, discharging or renewing my mortgage?