Why do mortgages have to be so complicated!? Understanding your mortgage can feel like learning a new language with a lot of dollar signs, but Carla is here to help make things more digestible. In this episode, she tackles the ins and outs of mortgages, explaining the three main types: fixed rate, variable rate, and interest-only. She breaks down how these options align with different financial situations and long-term goals and dives into amortization, showing how payments shift from covering interest to reducing the principal over time. Carla also covers the impact of mortgage terms on financial flexibility, key features like pre-payment options and portability, and the difference between open and closed mortgages. With her guidance, choosing the right mortgage might just feel a little less daunting. 

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