Blog

A Surprising Poll from BMO for Amortization

BMO recently completed a poll asking people what their knowledge of the term amortization was. Over half (52%) were not even somewhat familiar with the word. Not to say that people aren't familiar with the concept of amortization. Amortization is, of course, the life of a mortgage. Understanding the concept is important but learning the ways to minimize the amortization is even more important. Your mortgage advisor should be defining the word, concept and the multiple ways to minimize amortization as well as recognizing the mortgage offers out there that restrict your ability to do so.
 

 

Tony Marchigiano1-155 Water Street
Mortgage BrokerVancouver, BC
 
cell: 604 505 7109
fax: 604 909 4666

Newsletter

*indicates required fields.
Name:*
Email:*

Meet the team

  • Will Pratt
  • Justin Sabbagh
  • Mike Wilcox

Mortgage Calculator

Purchase Amount:
Down Payment:
Interest Rate:
%
Payment Interval:
Mortgage Term (Years)
Payment:
Total Payments:
Total Amount Paid:
Total Interest Paid:

Neighbourhoods

The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.