This video covers the following learning objectives:
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Describe the types of mortgages available in Canada
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Fixed vs. variable rate mortgages
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Open vs. closed mortgages
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Amortization period vs. mortgage term
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High-ratio vs. conventional mortgages
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Explain how to choose a mortgage based on personal financial goals
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Matching mortgage features to risk tolerance, repayment flexibility, and timeline
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Using scenarios and examples to illustrate decision-making
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Weighing trade-offs (e.g., stability vs. flexibility)
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Identify key mortgage terms and their implications
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Understanding amortization, term, CMHC insurance, prepayment penalties, and rate structures
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Clarifying terminology that affects financial planning decisions
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