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Author Topic: About long-term and short-term mortgages
New Member
Posts: 1
Post About long-term and short-term mortgages
on: February 16, 2017, 19:50

I would like to know about short term and long term mortgages. I was researching about mortgage procedures here https://www.butlermortgage.ca/mortgages/purchase/first-time-home-buyers/. I found different mortgage-related terms there. I want more clarity about long-term and short-term mortgages. Some of my friends told me that long-term mortgage would be better. I don't know how to choose the right option as I don't know much about mortgage procedures. How can we choose the right option? What is the difference between long-term and short-term mortgage?

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