The infographic outlines the basic starting points that are essential knowledge for anybody preparing to take out a mortgage for the first time.

From fixed to variable, jumbo to bi-weekly, there are many different types of mortgages available to house buyers, each one with its own defining characteristics. It is well worth understanding each of these mortgage types in order to get the one most suited to your needs. Also, the infographic dispenses important advice on what to ask your broker so that you know exactly where you stand with the terms and conditions of the mortgage loan, as there can often be gray areas where this is concerned.

A Beginner’s Guide To Mortgages

A Beginner's Guide To Mortgages [INFOGRAPHIC]

Image source: Garry Bidwana, Eazy Cash