Most home buyers borrow money to pay the seller the difference between their down payment and the purchase price. The lender creates terms of a promissory note, known as a mortgage, for the amount borrowed and establishes an interest rate on the amount of the loan to be paid. Many people don't realize that the interest payments can add about two and a half times the original loan amount over the term of the mortgage. In most cases, you can save money by prepaying an amount that is greater than what you have to pay each month. For more details on how to save money on your mortgage, click below on "Prepaying a Little More Money Now Can Save a Lot Later!"
Dimetrios (Jim)Ilias, Sales Representative
I have a background in civil engineering technology from Seneca College but the majority of my adult life was spent in the service industry, the restaurant business to be exact. Initially I worked as labourer ...
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Central Park Village
38-3041 Glencrest Road
Burlington , Ontario
- $279,900
- 3 Bedrooms
- 1.5 Bathrooms
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