Self-employed borrowers often face greater scrutiny because of variable incomes but sometimes get mortgages with plenty of history. Longer mortgage terms over several years reduce prepayment flexibility but offer payment stability. First-time home buyers shoulder the land transfer tax unlike repeat buyers, but get rebates and exemptions in certain provinces. First-time homeowners have usage of reduced minimum downpayment requirements under certain programs. Renewing Mortgages early allow securing better terms ahead maturities yet may incur associated prepayment penalties negative cost-benefits.

Here is my homepage