Home ownership may be the biggest investment you’ll ever make. That’s why it’s important to go into it with your eyes wide open.

The first thing to keep in mind is that buying a home is never a simple proposition. Not only do you need to consider your budget, lifestyle and location, you need to look at the many housing and mortgage options. Do you want a new home or a resale property? A detached home, a condo, a townhouse or a mobile home? Is it freehold or leasehold land? What about your mortgage? Do you want it open or closed? Long or short-term? Fixed or variable? Special features like pre-payment options, portability or assumability? What about mortgage insurance? What should you expect from your real estate agent, lender, lawyer, notary, home inspector and builder?

If it sounds complicated, it is. But by doing your homework and carefully looking at all of your options, you can make an informed decision about home ownership. Whether you decide to buy now, later or not at all, the more research you do, the more certain you can be that you’ve made the right choice.

While the main focus of Mortgage Wise is mortgages, it also covers the various issues involved in buying a home. From making the decision to buy, to finding the right home, to the details of your mortgage, this booklet will help guide you through the process.

I offer from my website this great booklet created by The Canadian Bankers Association (CBA) latest version (2004 reprint) as a guide for home buyers. This publish material can be also found at CBA's website at www.cba.ca. This booklet is copyrighted to the CBA.

Read and/or download Mortgage Wise now!