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Difference : canadian and american mortgage
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karim



Joined: 02 Aug 2005
Posts: 2

Posted: Tue Aug 02, 2005 2:38 pm    Post subject: Difference : canadian and american mortgage  

Hello boys and girls!

Wondering what is the differences between canadian and american mortgages.

I entered the same interest rate, term and loan amount on online mortgage calculators and the results changed according to the country of the site.

Are the interest compounded differently, are there other differences??

Thanks in advance!
-Karim
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Haplo



Joined: 20 Jan 2005
Posts: 2422
Location: Springfield, IL

Posted: Tue Aug 02, 2005 5:06 pm    Post subject:  

Quote: I entered the same interest rate, term and loan amount on online mortgage calculators and the results changed according to the country of the site.


This happens even from one calc to the next, not just from US to Canadian.

I don't personally know of any diff's, but I know someone that might. I'll check up on it and get back to you tomorrow.
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karim



Joined: 02 Aug 2005
Posts: 2

Posted: Wed Aug 03, 2005 6:02 pm    Post subject:  

That's great! I'm looking forward to it!
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