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
2015
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
other formats
audio/podcast