Canada’s mortgage market can be “daunting” for newcomers at the best of times, experts tell Global News, but the modern borrowing landscape may have would-be buyers and homeowners facing renewal feeling cornered. Choices are limited for many borrowers as they struggle to qualify for the mortgage amount or rate they need to afford a home, but experts say there are a few strategies you can put to work to pick the right option for your financial circumstances.
Here’s what you need to know about how mortgage offers work and how to navigate the complicated space and — hopefully — secure the best rate for your home
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