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Low Ratio Mortgages require home loan insurance only when choosing with below 25 percent advance payment. Careful financial planning improves mortgage qualification chances and reduces overall interest costs long-term. Mortgage

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Lower ratio mortgages avoid insurance charges but require 20% minimum down payment. Lower ratio mortgages generally offer more term flexibility and require only basic documentation beyond ID, income and credit

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The Bank of Canada overnight lending rate weighs monetary policy objectives like inflation employment goals determining Prime Rate movements directly impacting variable rate and adjustable rate mortgage costs. First-time buyers