Part 2 of the Home Buyers workshops. Learn the basics of mortgages, the pre-approval process, and what banks don't usually tell you. Topics include:

- What is a mortgage 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 416-393-7746.

* Followed by the Understanding Your Credit Score & Report Workshop on Sat, May 26, 2-4 pm