Knowing what you need is an important first step towards figuring out what the right mortgage is for you. Assess your needs based on these questions:
What kind of property are you buying?
Selecting the right property can be a great financial investment in the long-term. You can buy a house or condo using a combination of savings and mortgage financing to build a lot of equity and then rent out in future or sell and buy another home. You can also buy a house with suite income and use the rent to pay off your mortgage.