The other thing to do is read through all of the pages of fine print in your mortgage documents and ask questions if something doesn't make sense. We don't have the crazy resetting morgages that the US had but if you are looking at variable rates understand how your payments will be recalculated and how it will affect your Total Cost of borrowing. Also take a look at any repayment penalties and penalties to get out of your mortgage early if something happens.
Be informed when you sign the documents.
|