BC Mortgage Broker reveals Nominal vs. Effective Interest Rate: What's the Difference?

It’s important to know what type of interest you’re paying when you take out a mortgage. There are basically two types, but each of them is sometimes known by more than one name. Here's what you need to know.. If you're looking for a top-notch Mortgage Broker in Greater Vancouver, Fraser Valley and Whistler, BC/Canada, call us at (778) 878-5350.