Technically speaking, the term mortgage refers to the legal device used to secure the property, but the term is also used when referring to the debt secured by the mortgage. In most instances, mortgages are interlinked with loans that have been secured with real estate instead of other property such as boats, automobiles etc. ‘Arrange a mortgage’ is seen as the standard method by which individuals or business can purchase residential or commercial real estate without the need to pay the full value immediately.

It is not uncommon in most countries across the world, for home purchases to be funded by a mortgage. In countries such as Canada, the United States and Great Britain where demand for home ownership is at an all time high – mortgages are extremely common.

In the country of Canada in 1946 the Canadian government incorporated a system called the Canada Mortgage and housing Corporation (CMHC). The CHMC was founded to help veterans of World War II find housing. This agency is now responsible for the housing industry in Canada. Its main duty is currently to ensure low cost mortgages to Canadians by providing insurance to lenders in case of defaults and homebuyer assistance. Since 1954 one in three Canadian home buyers have made use of CMHC's programs. The CMHC also has a large research wing that analyses the housing situation in Canada and housing design and technologies.

Mortgage-Canada.org is an un-biased website that offers you free information on Canadian Mortgages. Throughout our site you’ll find helpful and insightful articles that go into great detail on some of the most puzzling Mortgage terms. You’ll also find sponsored links throughout our site that offer you even more free information and will help you find mortgage brokers, mortgage calculators so you can make an informed choice

If at any point in your venture of our site you have a question, please send the webmaster a detailed e-mail on the contact page. Thanks, and enjoy the site.