Mortgages and Financing a Home Purchase

Almost everyone who buys a home borrows money to pay for it. Doing so involves giving the lender a “charge” against the home. Learn what’s involved in getting a mortgage.

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produced by
People's Law School
produced in
2017
last reviewed
October 2017 i Last date reviewed by a qualified expert to ensure content up-to-date. See "Tips" in Clicklaw content criteria (bottom of pageside menu) for details.
resource type
basics
tags
mortgage, financing, equity, mortgagor and mortgagee, amortization period, term of mortgage, prepayment privilege, assumable mortgage, portable mortgage, cash to mortgage, vendor-take-back mortgage, agreement for sale, mortgage broker, Dial-A-Law