UNDERSTANDING MORTGAGES

SAVING FOR A HOME

How much can you afford and do you need to save? How do you do it?

SHOP AROUND FOR A MORTGAGE

A quick guide and checklist to shopping around for a mortgage that best suits your needs.

UNDERSTAND THE RISKS

Being ready for a mortgage involves a lot more than just qualifying for a loan.

THE APPLICATION PROCESS

From filling in the paperwork, to signing on the dotted line.

KINDS OF MORTGAGES

Open or closed? Fixed or Variable? Learn about the options here.

USING A MORTGAGE
BROKER/AGENT

What will a mortgage broker or agent do for you.

YOUR HOME BUYING TEAM

Which professionals can help you buy a home?

PAYING FOR YOUR MORTGAGE

Your options when it comes to paying for your mortgage.

THE MORTGAGE CONTRACT

What are the covenants and obligations you must fulfil?

REGULATING THE MORTGAGE
BROKERING INDUSTRY

FSCO oversees the mortgage brokering industry in Ontario. What does that mean for you?

WORKING WITH A MORTGAGE
BROKER - CHECKLIST

Check that your licensed broker/agent tells you all of these things!

MORTGAGES AND ONTARIANS

Ontarians owe about $1.43 trillion in mortgage loans. This and other housing market facts at a glance.

ABOUT FSCO

FSCO's legislative mandate is to provide regulatory services that protect the public interest and enhance public confidence in the sectors it regulates. FSCO regulates the mortgage brokering sector; insurance sector; pension plans; loan and trust companies; credit unions and caisses populaires; co-operative corporations in Ontario; and service providers who invoice auto insurers for statutory accident benefits claims. FSCO is accountable to the Minister of Finance.