Leah Zlatkin quoted in the Financial Post: ‘What mortgage shoppers in Canada need to know’

https://financialpost.com/real-estate/mortgages/what-mortgage-shoppers-in-canada-need-to-know

Leah Zlatkin, a broker with Mortgage Outlet Inc., outlines the pros and cons on longer amortizations, the best length of term and variable versus fixed rates.

Spoiler: A three-year fixed mortgage is looking like a “safe bet.”

“Typically the first time that some one is going to see a mortgage amortization schedule is when they are signing their commitment,” says Zlatkin. “Thats when the lender has agreed that they’re going to lend you the money and then you’re going to see the mortgage amortization schedule and that will show you how much you’ll be paying each time you make a payment and how much goes towards the principal and how much goes towards interest.”