Question: Question 6: What is difference between Fixed and variable rate mortgage. Give example. Question 7: What is open and closed mortgage? Question 8: write a

Question 6: What is difference between Fixed and variable rate mortgage. Give example. Question 7: What is open and closed mortgage? Question 8: write a note on CMHC insurance. Question 9: Is there any impact of being a NEW IMMIGRANT on your application for mortgage? Question 10: What is a credit score, what factors lead to a credit score of an individual? Question 11: Who regulates mortgage business in Canada? Question 12: Can anyone start a mortgage business in Canada or only few qualified persons are permitted? Question 13. In pandemic, which mortgage will you suggest to your client: Fixed or Variable. Give a numerical example for calculating penalty in case of Fixed and Variable mortgage Question 14. Who are 'A' and 'B' lenders. Question 15. What factors affect amount of down payment of any borrower? Should it be less or more

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