Looking for a home... mortgage Questions...
 

I'll start off by saying that I know absolutely nothing of banking, I put my money in, I can access it at an ATM, I can pay bills online and the circle continues. I usually check my accounts weekly, just to make sure there isn't any abnormalities. Anyways, I am looking into buying a house. And I was wondering how the mortgage process works. Whats a good interest rate, compared to the amount of down payment I need. I have been saving up money and I'm ready to start looking. Also, would a condo be a good place to start rather than just a home? And is there a difference between Canadian mortgages and American mortgages, such as laws and regulations that I must follow?

If anyone can find some information, or links to where I can get information.

Thanks!

Perhaps this will help - dredging it back up from the land of the dead...

http://www.tfproject.org/tfp/tilted-...ty-basics.html
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This may help as well...

http://www.tfproject.org/tfp/tilted-...nt-credit.html