HOW MORTGAGES WORKS IN CANADA? | MORTGAGE EXPLAINED | BASICS, TERMS, AMORTIZATION & CONDITIONS

If you are planning to buy your FIRST house in Canada and would like to know about Mortgages then this video will help you to understand the mortgages.
How Mortgages works in Canada? Explanation of mortgage components such as Interest rates, type of mortgage, closed and open mortgages, amortization period & term, payment frequency, qualification requirement and affordability calculations.
Let me know your thoughts about the Mortgages in the Comment Section.
Thank you & I appreciate you for watching this video.
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[@pritgill6269]

Its a good understanding of concepts however, it is pretty shallow... You have missed out on a lot of terms and concepts that are used such as LTV, Stress Tests, private mortgages markets, institutional mortgage markets, downpayments( 5%-20% ). You also mentioned about credit scores ( whats the optimum score for a client to catch on the best interest rates? ) and alot more....

[@mortgagewithdivyang]

Thanks for your comment. Ans surely, I will cover up more details in depth in my future videos.