Ok I'm not really sure where to put this topic but I figured near the home owners thread might be a good start. My soon to be wife and I will be looking at either condos or townhouses (so we'll have to pay fees on top of mortgages). Houses in TO in the area we're looking at are non-existent or total garbage for big $$.
What mortgage type does everyone have? Basically I'm looking for advice as I'd like to buy in the next year but don't really know where to start.
Ideally I'd like to have 15% down if possible. I'm figuring a max Mortgage of 400K over 20 years if possible.
It seems that the interest rate is the key factor here. It can save (or cost) you hundreds of thousands over the life of your mortgage. I want to play my cards right to get the best possible rate (don't we all though?). What is everyone going off of now?
Maybe this is a too personal type of topic as it deals with finances but I'm sure there's ways to give advice without spilling too much details.