A mortgage is a type of loan that allows you to borrow the amount you need to buy, build or refinance a property (home, condo, etc). Your property serves as a guarantee for the lender. In this case, the lender would be National Bank.
The amount of a mortgage is usually quite high. That's why
repayment in instalments is usually made over several years.
Making a down
payment from your savings will be deducted from the purchase price
of your new property. The balance is the amount of your
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