Kanetix’s mortgage rate service brings consumers who are searching for reasonable mortgage rates in Ontario, together with mortgage lenders in a one-stop shopping environment. Mortgage rates are currently available for Ontario residents in Canada.
Introduction to mortgage rates in Canada
A mortgage is the name given to a sum of money borrowed from various kinds of lenders like a banking institution, trust company, savings and loan association or even individual mortgage lenders in order to buy a property. The property is generally used as security for the repayment of the money borrowed. The mortgage loan is then repaid over time with added interest.
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