> ## Knowledge Base Index
> Fetch the complete knowledge base index at: https://support.advicecafe.ca/sitemap.xml
> Use this file to discover available pages before exploring further.
> Pure-Markdown content can be obtained by appending a '.md' suffix to the content URLs listed in the sitemap (without the trailing slash).

# Adding mortgages

# Filling out your mortgage info in AdviceCafé

The **Mortgage** section is where you add your mortgages (e.g. your house, a rental property, cottage, etc.)  


![](https://storage.crisp.chat/users/helpdesk/website/-/3/c/6/d/3c6de4ea4440ca00/ac-app-mortgage-screen_16eipi.png)

## The fields in the **Mortgage** section include:  
  
### Mortgage type

*  **Traditional** - a mortgage that typically has a fixed term (i.e. 3 - 5 years) and a fixed or variable interest rate. Part of the mortgage payment goes toward the principal and part goes toward the interest.
* **All-in-one** - a mortgage account that acts as a large line of credit. It combines the line of credit with personal banking accounts, and debt into an all-in-one account.
    
|| **Note:** If you have a HELOC, select **All-in-one**.  

### Home value

*   The **home value** is the current value of your home, which is your best estimate based on what you think you might be able to sell it for in your current market.  

### Home balance 

*   The **home balance** is the current balance left on your home.  

### Payment & payment frequency

*   The **payment** is your mortgage payment and how **frequently** you make that payment.  

### Interest rate

* The percentage charged on a mortgage that must be paid in addition to the mortgage balance. If your rate is variable, just enter the current rate you’re paying.  

### Interest type

*   **Fixed** - a set interest rate for the current term of the mortgage. 
*   **Variable** - an interest rate that fluctuates at a level above a specific benchmark or reference rate of the market.  
      
#### Original amortization

*   The time period over which regular payments would pay off your mortgage and interest in full before its maturity date (typically assumes the same interest rate and payment amount).

#### Renewal Date

*   The date when your current term comes to an end, and you sign on for a new term. Or, you’re on your last term and it’s the date you pay off your mortgage! 🍾