2 1 point For all Canadian mortgages interest is compounded

Last updated: 11/1/2023

2 1 point For all Canadian mortgages interest is compounded annually 1 point The amortization period is the length of time needed to eliminate a debt 4 1 point The amortization period and the term of a mortgage are different 5 1 point A longer amortization period means smaller payments and less total interest paid 6 1 point To find the weekly mortgage payment divide the monthly mortgage payment by fo 7 1 point Semi monthly payments are usually paid on the 1st and the 15th of the month