Mortgages
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Beatriz (Bea) McCowan, Broker
Homelife BEST-SELLER Realty Inc., Scarborough

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Managing Editor, D.B. McCowan, P.Eng.

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Some Facts About Mortgages

Mortgage Life Insurance
Inexpensive insurance coverage on your life: it will pay off the outstanding mortgage balance owing, to a limit, in the event of your death.

Portable
If you buy another home, you can take your Mortgage with you to help finance the next property.

Assumable
If you sell your home, the purchaser may often assume your Mortgage. This may help make your home more marketable, especially if your mortgage has a low interest rate.

From The Scarboro Heights Record V1 #2

 

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