If you’re new to mortgages check out this great educational site by the Financial Consumer Agency of Canada. Among other things, it shows you:
- The effect of different amortizations
- The effect of different payment frequencies
- An overview of credit score factors
- Tips on paying your mortgage off faster
- How to calculate penalties
If you want to test your knowledge you can even take a 10 question quiz.
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Last modified: June 28, 2007
That is a really good site!