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How do I go about getting a mortgage?

Banks, trust companies and mortgage companies are in the business of lending money in the form of mortgages. Start with your bank, as they will be familiar already with your credit rating and financial situation. It is a good idea, however, to shop around for the best deal in terms of interest rates, flexibility in payment options, and so on. If you obtain a good deal elsewhere, your bank may match it.

You can also get a mortgage from your parents for example, or anyone who is willing to lend money on the basis of a mortgage arrangement.

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September 1996

see also:

• Real Estate: Land Titles '

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