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Borrowers looking for the lowest rates on mortgages rising can reduce costs through negotiating with multiple lenders. First time house buyers with limited deposit can utilize programs just like the First Time Home Buyer Incentive. Shorter term mortgages often allow greater prepayment flexibility but have less rate and payment certainty. Commercial mortgages carry unique nuances, covenants and reporting requirements when compared with residential products given higher risk levels and potential revenue impairment considerations if tenants vacate leased spaces upon maturity. Partial Interest Mortgages see the lending company share within the property’s price appreciation as time passes. The Canadian Mortgage and Housing Corporation (CMHC) offers online for free payment calculators. Carefully shopping rates on mortgages rising can save hundreds of thousands of dollars in the life of a mortgage.