Types of Mortgages in Canada: Which Is Right for You?

In Canada, mortgages come in various types, including high-ratio, conventional, fixed-rate, variable rate, open, closed, convertible, collateral, private, cash-back, tenants-in-common, joint tenancy, blended, and second mortgages. Each type has its own features and benefits, and understanding them can help in choosing the right mortgage for individual home ownership goals.

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