Buying a home may be one of the biggest financial decisions you’ll ever make. When you have the financial knowledge you need, you are better able to make informed choices and contribute to a prosperous Canadian economy.

Here are some short videos by the Calgary Real Estate Association (CREA) that can help explain all the different Financial Terms that are mentioned when you are applying for a mortgage:

Portable Mortgage

Home Buyers Tax Credit

Fix vs. Variable Mortgage

Mortgage Default Insurance

Home Buyers Plan

Mortgage Pre-Payment

Mortgage Pre-Approval

Amortization Period