Equitable Mortgage vs. Registered Mortgage: Know the Difference

Hero Fincorp02 Feb, 2022Business

Many people dream of owning a home, but only a few achieve it. However, with the readily available financing option with various financial institutions, purchasing a property is no more a herculean task. When you apply for a home loan, the lender keeps the charge of your property title. However, you can choose between an equitable mortgage and a registered mortgage. Confused? Don?t be. Today, in this article, we will focus on what each one means and the key differences between an equitable mortgage and a registered mortgage.