2/22/2013

Canadian Mortgage Infographic

ING shared this infographic on Facebook today and I found it pretty interesting. I thought I would pass it along to all of you as well. It was produced by ratehub.ca. How do you measure up to these five statements? Here are my thoughts:

  1. I own less than 5% of my home (we bought a year ago)
  2. My contractual amortization is 25 years, we are set to have it paid off in 20
  3. We did qualify, and would still under the new mortgage rules
  4. I thankfully haven't had to consolidate debt on to a mortgage and hope I never have to
  5. We also chose a fixed rate





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3 comments:

  1. Cool infographic! I would love/hate to be starting out all over again knowing what I now do about money. It would take forever to save up that down payment.

    ReplyDelete
  2. Very informative info graphic, thanks for sharing it!

    ReplyDelete
  3. New mortgage rules? I am out of the loop with things like that. I LOVE looking at houses online but I would have no clue as to where to start if I actually wanted to purchase one! Slowly working on that down-payment though. This is a great infographic!

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