Mortgage Information
One of the most important things to do when you buy a property is to get low mortgage rate.  One of our real estate agents would be more than happy to recommend you to a few places that will provide you with very competitive mortgage rates.

Fixed rate or variable rate
With a fixed-rate mortgage, your payment amount remains the same throughout the entire term of your mortgage.  You will know exactly how much your payments will be and how much of your mortgage will be paid off at the end of your term.
With a variable-rate mortgage, the interest rate will be set in relation to the bank’s prime rate which may vary from time-to-time. Variable-rate mortgages tend to cost less than fixed-rate mortgages when interest rates are fairly stable.
Open or Closed
Open mortgages can be paid off at any time without penalty and are usually negotiated for very short terms. They are suited to homeowners who are planning to sell in the near future or those who want the flexibility to make large, lump-sum payments before maturity.
Closed mortgages are commitments for specific terms.  If you want to pay off the mortgage balance, you will need to wait until the maturity date or pay a penalty.
Pre-approved mortgage
One thing you should consider is to get a pre-approved mortgage.  This will help you stay within your price range and encourage you to spend your time looking at homes you can reasonably afford.