Master the Fundamentals to Navigate Your Mortgage Journey with Confidence

Understanding Mortgage Basics
at Capital Mortgages

Mortgage Down Payment Options

From a low down payment to using your Registered Retirement Savings Plan (RRSP) as a source of funds, buying a home has never been easier.

Closed, Open and Convertable Mortgages

Can’t decide between a closed, open or convertible? There are many factors to consider such as your financial goals and how soon you want to pay off your mortgage.

Variable and Fixed Rate Mortgages

From the security of a fixed rate mortgage to the flexibility of a variable rate , you have several choices when it comes to interest rates.

Mortgage Amortizations

Choosing the length of your amortization period is an important decision that can affect how much interest you pay over the life of your mortgage.

Pre-Payment Privileges

Prepayment privilege is the ability to prepay a portion of the mortgage principal before it is due and without penalty. Prepayment is simply paying more than the monthly payment on the mortgage, with the extra amount applied to the principal.


Confused about mortgage terms? Use our Mortgage Glossary to find definitions of financial terms.

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