TORONTO, November 23, 2010 -- An article by Kanetix® (www.kanetix.ca), titled "Deciphering mortgage language; what's it all mean?" seeks to help consumers understand the terminology used when shopping around for mortgage rates.
Shopping for a mortgage can be overwhelming, so Kanetix is here to help shoppers understand mortgage terminology before they make this long term commitment. The Kanetix article covers such terms such as amortization, closed mortgage, convertible mortgage, fixed rate mortgage, high ratio mortgage, mortgage term, open mortgage, second mortgage, variable rate mortgage, and more.
Whether customers are looking to purchase a first home, upgrade to a larger home, downsize or relocate, they will likely come across the many terms listed in the article, and Kanetix's, "Deciphering mortgage language; what's it all mean?" hopes to make the mortgage shopping experience a little bit easier.
Launched in October 1999, Kanetix is Canada's leading national, online insurance, mortgage and credit card marketplace. The Kanetix comparison shopping service brings together insurance, mortgage and credit card providers in a one-stop shopping environment for consumers looking to save money. Each day, thousands of consumers visit the Kanetix website at www.kanetix.ca to compare not only insurance and mortgage quotes but also credit cards from a variety of Canadian financial product suppliers. Users select the product of their choice, obtain a quotation and complete an online application or, with the help of Kanetix, connect with the provider to purchase or apply for the product over the phone.
For more information, visit www.kanetix.ca, or contact: