How Mortgages Empower Homebuyersin Canada | Get Your Mortgage for a LilLez!

Canadian mortgages have amortizations up to 30 years, with typical terms lasting five years.
Interest rates can be fixed or variable; your rate depends on your financial risk profile.
Improving your credit score and income helps secure lower interest rates and better terms.
Closed mortgages limit early payments, while open terms allow flexibility but charge higher rates.
Approval depends on credit, income, down payment, and debt; 5% minimum down payment required.