Buying a house is considered one of the biggest decisions you’ll ever make, so it might surprise you to know that when it comes to mortgages many of us have a weak grasp on what we’ve signed up for.
According to the 2015 Scotiabank Mortgage Poll, only 33-percent of Canadian homeowners with a mortgage have read the entire mortgage agreement and of those, only 27-percent actually understand all of the details.
84-percent of people chose competitive interest rates as the most important factor in picking a mortgage.
