The Financial Consumer Agency of Canada (FCAC) has completely updated its consumer mortgage guide, The ABCs of Mortgages, to take into account the different needs of Canadian consumers.

The FCAC says it is essential that consumers get informed before they plunge into the world of real estate. It could save them money … and headaches.

“The financial market is complex. That’s why we strive to develop tools and resources that are easy to consult and use,” says FCAC Commissioner Ursula Menke. “We cannot stress enough how important it is to shop around before signing a mortgage agreement. The ABCs of Mortgages contains a range of objective information that will help consumers make informed choices about their mortgages.”


The revised version of the guide is divided into four parts: each one addresses a specific topic, making the publication more concise and easier to read. “Whether consumers are preparing to buy their first home, taking out a home equity loan, renegotiating their mortgage, or searching for ways to pay off their mortgage faster , the new version of The ABCs of Mortgages will help them find the information they need more quickly,” adds Menke.

IE