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News on finding the best Canada Mortgage

Is it true that everyone wants the best Canada mortgage? Of course it is! Your house is the most expensive thing you own … and unless you are Ms. Paris Hilton and have the jetting lifestyle of the ‘Rich & Famous’ it is for the rest of us too. We need to save money by obtaining the very best Canada mortgage possible. The best Canada mortgage deals change weekly so please get advice from a duly licensed Canada mortgage broker.

One best Canada mortgage is a variable type of mortgage. The interest rates are much lower than fixed rate mortgages. Another type of best Canada mortgage is one that offers a cash back incentive for a first time homebuyer. Sometimes coming up with a downpayment keeps many from buying a house but with an cash back incentive you can make it the best Canada mortgage deal for you.

Another best Canada mortgage is for the first-time buyer. This mortgage absorbs all the legal costs and most of the closing costs involved in purchasing a new home. Of course, nothing is free. You will pay a slightly higher interest rate for this up front benefit. But if all your available cash is going towards the downpayment then this best Canada mortgage option could be the one for you.

And finally, what happens when you can't decide whether to go with a short-term mortgage or a long-term mortgage? You take both! A split term mortgage lets you lock part of your mortgage in at a short-term rate and the rest in a long-term rate. It doesn’t get any better.
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