DETERMINING DOWN PAYMENT AND INTEREST RATES
As a first time home buyer in Canada, you’re about to embark on an exciting (and nerve racking) experience. For the vast majority of us, this is the largest asset purchase we’ll make in our lifetime. When it comes to financing, make sure you feel comfortable with the loan you’re about to live with for years to come. An experienced and trusted mortgage broker can do just that.
If you’re a first time home buyer in Canada, you’re probably wondering what your down payment will be. Considering your financial situation and lender products on the market, what is the right amount to put down on a property? Factoring in your savings, income, debt to service ratios, interest rates and amortizations, a good mortgage broker helps you crunch the numbers and makes sure all your questions are answered. If you have capital to invest, now is one of the best times in history to purchase a property given our current all-time low interest rates. When you’re ready, we’re here to secure the best possible first time home buyer mortgage for you.