Video #7 – Payment Options For Your Own Mortgage When you purchase a property and take on your own mortgage, how much you pay and how often you pay it depends on which mortgage payment frequency option you choose. In Canada, you can choose from five different mortgage payment options: monthly, bi-weekly, accelerated bi-weekly, weekly, or accelerated weekly. The most […]
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Real Estate Terms Amortization Period The number of years it will take to pay back your mortgage loan. Assignment Sale An Assignment Sale is when the original purchaser sells and/or transfers all the rights and obligations of the original contract between themselves and the Vendor to another party before the official […]