Tips for Choosing the Right Loan Term
Purchasing a home is one of the most significant financial commitments most Canadians will ever make. While many buyers focus on securing a competitive mortgage rate, choosing the right mortgage term is equally important. The length of your loan affects your monthly payments, the total interest you'll pay over time, and how quickly you build equity in your home. One of the most common comparisons borrowers make is a 15-year vs. 30-year mortgage. Both options offer advantages, but the right...
