Mortgage 101

CultureLink

Saturday, May 18, 2019 2:00 PM to 4:00 PM

Toronto, Ontario

Description

CultureLink in partnership with the Toronto Public Library invites you to a series of free Home Buyers workshops: Mortgage 101.

Information for those who are looking for a mortgage or already have one.

Workshop II - Mortgage 101

Topics: 

  • Mortgage terminologies and the different types available
  • Terminologies (Down payment, amortization, interest, principal, fixed & variable interest rates, equity line)
  • A mortgage broker and the major banks: Who is doing what? Should you shop for rate or terms?
  • The pre-approval process and how to prepare your credit rating in advance
  • The Mortgage Act: Your rights and responsibilities
  • Mortgage Renewals - Don't just sign them
  • Other costs and factors to consider (mortgage term insurance vs life insurance, recent changes, etc.)

To register please contact 647-404-8857.