What is an Amortization Period?
This is the length of time over which the loan is to be repaid. In Canada, a typical new mortgage amortization period is 25 years (new mini homes of today are no different than any other homes in Canada).
This is the length of time over which the loan is to be repaid. In Canada, a typical new mortgage amortization period is 25 years (new mini homes of today are no different than any other homes in Canada).