Morbihan
Union Départementale CFTC du Morbihan
Date de dernière mise à jour : 19/01/2024
Commentaires
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The minimum down payment doubles from 5% to 10% for brand new insured mortgages over
$500,000. More rapid repayment through weekly, biweekly
or lump sum payments reduces amortization periods
and interest. Fixed rate mortgages provide stability but reduce flexibility for prepayments compared to variable
rate terms. -
More frequent payment schedules like weekly or bi-weekly can shorten amortization periods minimizing
total interest paid. The mortgage affordability calculator helps
compare products' initial and projected payments
across potential terms assisting planning selections suitable for individual budgets saving for other goals. -
Fixed rate mortgages provide certainty but reduce flexibility compared to variable rate mortgages.
Mortgage agents and brokers have an overabundance of flexible qualification criteria than banks. -
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