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Why there's no stigma in not going with the big banks for your mortgage

This article has been updated from a previous version.*

When it comes to shopping for mortgages, most homebuyers in Canada tend to take a conservative approach.

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What is a vehicle exchange program, and is it a good idea?

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What is a conventional mortgage?

The big benefit of a conventional mortgage loan is that you have immediate equity in your new home. Let's explore the ins and outs of uninsured residential mortgages.

Renee Sylvestre-Williams

April 27, 2023

6-minute read

This article has been updated from a previous version.

Not every mortgage is the same. There are fixed rate mortgages and variable rate mortgages, of course, which refer to the interest you’ll have to pay throughout your loan term.

But then there are also conventional and high-ratio mortgages — these terms decide whether a buyer needs to pay insurance on their mortgage.

About the author

Renee Sylvestre-Williams is a finance and business reporter. In her more than 10 years of journalism, her work has been published in the Globe and Mail, Flare, Canadian Living, Canadian Business, the Toronto Star and Forbes. She also publishes a biweekly newsletter, The Budgette, where she provides financial education for single earners.