Most Common Mortgage Mistakes And How To Avoid Them
The Canadian Institute of Mortgage Brokers and Lenders conducted the annual survey with sponsorship from the federal government’s housing arm.
The 2002 survey was based on a national sample of 854 active mortgage consumers comprised of first-time buyers, repeat purchasers and those renewing a mortgage.
First, the good news is that the survey found that more Canadian consumers are shopping around for a mortgage. Survey results show 57 percent of home buyers shopped around and received mortgage proposals from different lenders before deciding on a mortgage. This is up from 46 percent one year ago. This is a smart move. With the competition in the Canadian mortgage market today, it is possible for consumers to c...
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