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How does a mortgage work? (what you MUST know to buy a home)

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Manage episode 239713944 series 1754645
Content provided by Brookfield Residential. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Brookfield Residential or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

In this episode of Homebuyer's School, we talk with Mujtaba Syed, Mortgage Specialist with the Bank of Montreal, and discuss how a mortgage actually works and all the elements involved when borrowing to buy a home. We explore what a lien is, what happens if you can't pay off your mortgage and mortgage portability. Finally, we talk about the types of mortgage penalties and how to avoid them.

Prefer to watch the video or read and take notes? See the transcript:

https://stories.brookfieldresidential.com/homebuyersschool/how-does-a-mortgage-work-in-canada

We discuss the following items:

  • How a mortgage works
  • What's a lien?
  • What happens if you can't afford your mortgage?
  • Can you transfer your mortgage if you buy a new home?
  • Mortgage penalties

Have any questions or show topic suggestions? Contact us:

Email:

support@homebuyersschool.ca

Web: homebuyersschool.ca

  continue reading

109 episodes

Artwork
iconShare
 
Manage episode 239713944 series 1754645
Content provided by Brookfield Residential. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Brookfield Residential or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

In this episode of Homebuyer's School, we talk with Mujtaba Syed, Mortgage Specialist with the Bank of Montreal, and discuss how a mortgage actually works and all the elements involved when borrowing to buy a home. We explore what a lien is, what happens if you can't pay off your mortgage and mortgage portability. Finally, we talk about the types of mortgage penalties and how to avoid them.

Prefer to watch the video or read and take notes? See the transcript:

https://stories.brookfieldresidential.com/homebuyersschool/how-does-a-mortgage-work-in-canada

We discuss the following items:

  • How a mortgage works
  • What's a lien?
  • What happens if you can't afford your mortgage?
  • Can you transfer your mortgage if you buy a new home?
  • Mortgage penalties

Have any questions or show topic suggestions? Contact us:

Email:

support@homebuyersschool.ca

Web: homebuyersschool.ca

  continue reading

109 episodes

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