Canada's Leading Home Mortgage Loan Information Website!

Buying a home and getting a mortgage loan (especially your first one!) can be very overwhelming. With so many different mortgage options available today, how do you know which one is right for you, and your family? Where do you start? How do you ensure you get the best (lowest possible) interest rate? Should you get a variable or a fixed rate mortgage? How long should you amortize your mortgage? Should you borrow from a traditional "big bank," a mortgage broker or a "virtual" bank like President's Choice or ING?

Do you need home mortgage insurance? How much can you afford? Is it a good time to buy a new home? Should you buy new, build, or buy a previously owned home? Can you make lump sum payments on your mortgage? Are you comfortable with your banker, broker or mortgage company? What are closing costs? Do you have a reasonable down payment?

These are common questions for new and experienced home buyers! While we don't provide actual mortgage loans or financial advice, our website has an abundance of excellent mortgage-related information for Canadians; including links to Canada's best mortgage companies (in our humble opinion), and a small mortgage and loan glossary.

We strongly suggest doing some research before you jump into a new home mortgage loan, or a mortgage re-financing. Look around. Ask lots of questions! Don't rush! Signing the right mortgage deal the first time can save thousands and thousands and thousands of dollars in interest payments over the lifetime of your mortgage. You may also want to consider a "combination mortgage." They are becoming very popular, and have some real advantages if managed properly. Read more about combination home mortgages HERE.

Find information on Home Mortgages in the US and check the rates on a FHA Home Loan at MortgageLoanPlace.com