Mortgages 101: Types, Terms, Rates, and the Stress Test
14 min readLast updated June 2026Beginner levelCanada-wideOfficial-source checked
A mortgage is the largest loan most people ever take, wrapped in vocabulary designed to confuse. Strip away the jargon and it's four decisions: fixed or variable, how long the term, how long the amortization, and whether you can pass the test that decides how much you can borrow.
A mortgage is the largest loan most people ever take, wrapped in vocabulary designed to confuse. Strip away the jargon and it's four decisions: fixed or variable, how long the term, how long the amortization, and whether you can pass the test that decides how much you can borrow.
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