Interest rates shouldn't be the only question your asking you mortgage agent.
The following are other questions you may want to know:
- What is the Penalty on the mortgage if I decide to break the mortgage
- Is the mortgage portable? Meaning if you sell the home before the term is up, can you port it to your new home
- What are the pre-payment privilages to help pay the mortgage down faster
Don't hold back from asking questiions. Not one question is a silly question especially when your dealing with your finances.
If your a first time home buyer, remind the mortgage agent that this is your first time. We often hear many first time home buyers getting confused because the mortgage agent forgets to explain certain terms.