When a person purchases a property in Canada they will most often take out a mortgage. This means that a purchaser will borrow money, a mortgage loan, and use the property as collateral. The purchaser will contact a Mortgage Broker or Agent who is employed by a Mortgage Brokerage. A Mortgage Broker or Agent will find a lender willing to lend the mortgage loan to the purchaser.
Showing posts with label Understanding Mortgages - What Is a Mortgage?. Show all posts
Showing posts with label Understanding Mortgages - What Is a Mortgage?. Show all posts
Thursday, February 18, 2016
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