In the Canadian market, financial institutions offer a plethora of residential mortgage products and financial solutions for accessing your home equity. Oftentimes, consumers don’t understand the differences and the pros and cons of each of the different products and solutions available.
Each product has its features and benefits and is suitable for individuals in different financial situations, with different financial objectives, risk tolerance, and long-term plans. Understanding how each works is essential to choosing the mortgage product that best suits your needs.
This Guide will help you understand the different products and solutions available in the Canadian market and, most importantly, which is best suited for each situation.
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