Ottawa View Listing
Banks are generally more willing to extend a home loan for a freehold property than for leasehold property. It is a safer investment, as the registration of a freehold property is done and is also expected to increase in value. However, the mortgage rates are usually higher for leasehold properties. Banks charge higher interest rates on leasehold homes due to increased risk factors that they perceive with these types of homes. Ottawa free hold properties are here.