“ Having successor or joint mortgage holder contingency plans memorialized legally in a choice of wills or formal beneficiary designations ensures smooth
continuity facilitating steady payments reducing risks
for just about any surviving owners if managing alone. two-and-a-half decades is
the maximum amortization period for brand spanking new insured
mortgages in Canada. The First Time Home Buyer Incentive from CMHC provides 5% or 10%
shared equity mortgages to qualified buyers. ”