Note: Despite a higher - than - normal mortgage rate, cash back mortgages actually offer a very low effective rate. (mortgagetalkcanada.ca)
Bad credit mortgages pose a higher risk than normal mortgages which is why private lenders charge between 8 - 15 %. (mortgagebrokerstore.com)
Mortgage balance: If you do not know your current mortgage balance, we estimate it assuming that you pay normal mortgage payments with no prepayments. (smartasset.com)