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Sunday, May 03, 2015

Home buyer's guide: Understanding finances is key, from mortgage terms to closing costs

Do you have to accept the mortgage rate your bank is offering? What happens to your $35,000 deposit if the builder goes bankrupt before completing your dream home? And just what the heck is a gross debt service ratio anyway?
http://ottawacitizen.com/life/homes/home-buyers-guide-understanding-finances-is-key-from-mortgage-terms-to-closing-costs

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