amortizations

The Pros and Cons of Longer Versus Shorter Amortizations

by Maggie Chandler July 4, 2008 Buyers Tips

Choosing the length of your amortization period, which means the number of years you will need to pay off your mortgage, is an important decision for Vancouver home buyers that can affect how much interest you pay over the life of your mortgage.

 

Historically, the standard amortization period has been 25 years. However, shorter (10 or 15years) …

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