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You might have heard about mortgages and mortgage calculator Montreal, but do you really understand this loan? Do you know when you can apply and when you should apply for another type of loan? It is important to make sure that you know what a mortgage is so that you can know when and how you can apply for the loan.
A mortgage is a type of loan that you are getting when you want to purchase the property. This can be any type of property like homes and offices. The loan is paid back over a long period, up to 20 years. Meaning that interests can be high after 20 years.