Mortgages and Financing a House Purchase

This script explains term of mortgage, amortization period, types of mortgage and other ways to finance a house purchase.

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produced by
The Canadian Bar Association, BC Branch (CBABC)
produced in
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.

Also available in:

Chinese (simplified) (PDF)
Mandarin (audio/podcast)

resource type
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
other formats