As part of our ongoing Financial Wellness Presentation series, this week will focus on Mortgages.

As a homebuyer, it is important to understand how your mortgage works. This video, presented by Nicole VandenHeuvel, Learning & Development Coordinator covers key terms you should know:

• Amortization Period

• Types of Interest Rates – Fixed and Variable

• Payment Schedules

• Mortgage Types – Open term | Fixed term | High Ratio

Watch here to learn tips on how to save on your mortgage.