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:
- I own less than 5% of my home (we bought a year ago)
- My contractual amortization is 25 years, we are set to have it paid off in 20
- We did qualify, and would still under the new mortgage rules
- I thankfully haven't had to consolidate debt on to a mortgage and hope I never have to
- We also chose a fixed rate
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.
ReplyDeleteVery informative info graphic, thanks for sharing it!
ReplyDeleteNew 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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