Sentences with phrase «risk over the term of their mortgage»

This is why variable mortgage holders take on a bit more risk over the term of their mortgage and should watch the Bank of Canada announcements.

Not exact matches

Study participants were asked five questions covering aspects of economics and finance encountered in everyday life, such as compound interest, inflation, principles relating to risk and diversification, the relationship between bond prices and interest rates, and the impact that a shorter term can have on total interest payments over the life of a mortgage.

For example, if you only have 10 - 15 years left on your mortgage or if you have a 15 - year old child who will be out of college in 10 years then having a 10, or a 15 - year term policy may be most beneficial for the time being since your highest risk years will be over in 10 - 15 years.

«Financial risk tolerance refers to the capacity of a household to comfortably afford mortgage payments, even if their rate increases over the term of their mortgage.