Research done by a major Canadian Chartered Bank indicates that almost half of the first time homeowners in Canada believe it is now time to buy a home. The report went on to say that prices are expected to rise by 8% in the next year slowing to about 1.5% later in the frame.
Interest rates remain at record lows, with 5 year money available: fixed 3.59% (Nov 23/10) and variable 2.25% (Nov 23/10). These interest rates should be available from your reputable mortgage consultant without any brokerage fees.
Consultation and proper planning with your mortgage broker professional makes home ownership a real possibility for 2011. Discuss budgets, carrying costs and closing costs ensuring that you are completely comfortable about the entire process. This is the most important responsibility of the mortgage broker that you deal with. Always remember that your mortgage broker has access to over 40 Institutions in Canada – make use of them.
Rick Moran, AMP, OMB#M08001997
Showing posts with label first time. Show all posts
Showing posts with label first time. Show all posts
Thursday, November 25, 2010
POWERFUL INFORMATION FOR FIRST TIME BUYERS
Buying a home is the single most important investment that you will make in your lifetime. This is a seriously good time to consider buying, before doing so there are two things that you absolutely MUST do.
The first is to find a really reputable Mortgage Broker. He or She must have many years of experience, and I would urge you to do the following; check them out thoroughly, ask to view their website. If they don’t have one, or it is a corporate jumble, take a pass. You want to feel comfortable, taken care of, read the testimonials and make your decision. You must know that the successful broker deals with over 40 Lenders in Canada, not just the one off products the Banker’s representatives typically access.
Finally, find a broker that has access to a Financial Planner. One that will spend the time to explore all of your options in conjunction with the “entire team”. Terms and all costs associated with your purchase must be disclosed. This is supposed to be a happy joyous experience. With the right group of people guiding you it will be an incredible memory.
Good Luck!!!
Rick Moran, AMP, OMB#M08001997
The first is to find a really reputable Mortgage Broker. He or She must have many years of experience, and I would urge you to do the following; check them out thoroughly, ask to view their website. If they don’t have one, or it is a corporate jumble, take a pass. You want to feel comfortable, taken care of, read the testimonials and make your decision. You must know that the successful broker deals with over 40 Lenders in Canada, not just the one off products the Banker’s representatives typically access.
Finally, find a broker that has access to a Financial Planner. One that will spend the time to explore all of your options in conjunction with the “entire team”. Terms and all costs associated with your purchase must be disclosed. This is supposed to be a happy joyous experience. With the right group of people guiding you it will be an incredible memory.
Good Luck!!!
Rick Moran, AMP, OMB#M08001997
Subscribe to:
Posts (Atom)