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Mortgage Basics  Understanding the fundamentals
Emotions, family and personal reasons all come into play in any home-buying decision.
 
   
Table of contents
Mortgages
 
Chapter 1: Should you buy or rent?
There's no easy answer. Emotions, family and personal reasons all come into play in any home-buying decision. Read on.
 
Chapter 2: How mortgages work
You can get a mortgage in many places, but they all share the same characteristics. We explain.Read on.
 
Chapter 3: Your mortgage payment
Your monthly payment is determined by the rate and the amount of the loan, but there's much more to it.Read on.
 
Chapter 4: Paperwork and fees
Prepare to gather a lot of paperwork, negotiate your loan terms and make sense of all the fees.Read on.
 
Chapter 5: Underwriting
The clock has starts ticking to closing day, but much remains to be done during those few weeks.Read on.
 
Chapter 6: Closing
It's your last chance to alter the deal, and the last chance for someone to sneak something past you. Read on.
 
Chapter 7: Ownership, after closing
You have the keys, but you're not done. Your mortgage needs periodic maintenance, too. Read on.
 

TABLE OF CONTENTS
 
 
 
 
 
 
 
 
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Overnight Averages* +/-
Variable open mtg 4.71%
48 month new car loan 7.89%
1 yr redeemable GIC 2.60%
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