Tilted Forum Project Discussion Community - View Single Post - Looking for a home... mortgage Questions...

streak_56 · 10-20-2008, 04:12 PM

I'll start off by saying that I know absolutely nothing of banking, I put my money in, I can access it at an ATM, I can pay bills online and the circle continues. I usually check my accounts weekly, just to make sure there isn't any abnormalities. Anyways, I am looking into buying a house. And I was wondering how the mortgage process works. Whats a good interest rate, compared to the amount of down payment I need. I have been saving up money and I'm ready to start looking. Also, would a condo be a good place to start rather than just a home? And is there a difference between Canadian mortgages and American mortgages, such as laws and regulations that I must follow?

If anyone can find some information, or links to where I can get information.

Thanks!

10-20-2008, 04:12 PM	#1 (permalink)
streak_56 who ever said streaking was a bad thing? Location: Calgary	Looking for a home... mortgage Questions... I'll start off by saying that I know absolutely nothing of banking, I put my money in, I can access it at an ATM, I can pay bills online and the circle continues. I usually check my accounts weekly, just to make sure there isn't any abnormalities. Anyways, I am looking into buying a house. And I was wondering how the mortgage process works. Whats a good interest rate, compared to the amount of down payment I need. I have been saving up money and I'm ready to start looking. Also, would a condo be a good place to start rather than just a home? And is there a difference between Canadian mortgages and American mortgages, such as laws and regulations that I must follow? If anyone can find some information, or links to where I can get information. Thanks!