For many, their home is the single-most important purchase they have ever made. A lot of time and effort goes into locating the right property. But, when it comes to finding the best mortgage, why do most people take what is being offered rather than research and secure the best mortgage available for their situation?
Considering that you will pay the bank more in interest over the life of the loan than the home is worth, why wouldn’t you invest the same time and effort in finding a mortgage that will reduce the amount of interest you are paying, potentially saving you tens of thousands of dollars?
There are various types of mortgages available to home buyers. Each type has their advantages and disadvantages. Lenders will offer specific mortgage…
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