Mortgagenomics Canada

Some mortgages lock U up, even at maturity - does yours?

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Synopsis

When it comes to mortgages, there are two charges that a bank can apply to your land title. This episode explains the key differences between a standard and collateral charge mortgage.Key points:standard charge mortgages are the most common chargescollateral charges are re-advancable and non-transferrablebe cautious about taking the path of least resistance when it comes time to renew your mortgage. It may be a little more work, but be sure to explore ALL of your options (with a Mortgage Broker!)MarkoMusic tracks: (produced and performed my Marko)the opening track features a piece called "Collateralization" (distorted harmonizing guitars with a slow punk drum groove in a 1-4-5 chord progression)the closing track is a song from a band that Marko played in (1990-99ish), Sleeping Lorry. Song is called, "Go".Sleeping Lorry: Joseph Vulic (guitar-vocals), Marko Gelo (lead guitar-mandolin-back vocals), Darko Kulas (bass guitar), Robert Vulic (drums)Contact Marko, he's a Mortgage Broker:604-800-9593 direct Vanco