Hot Real Estate Market: Tips For Buyers

familylendingMortgage News, Mortgage Talk Canada

Don’t get burned by a hot market Know Your Budget It’s a risk for any buyer to get in over their head with too high of a best mortgage rate investment. Remember to consider all costs related to buying a home and owning a home. You will need to make the mortgage payments, pay the utilities, do household repairs, etc. … Read More

How Accelerated Payments Can Fast Track Your Financial Freedom

familylendingMortgage News, Mortgage Talk Canada

Fast track your mortgage with these easy tips. There are options available to help you enjoy a mortgage-free lifestyle sooner rather than later. Let’s look at the Different Types of Mortgage Repayment Options Monthly Mortgage Payments The traditional mortgage payment; where the payments are made monthly on the same day each month. Bi-Weekly Mortgage Payments You make payments every second … Read More

How to Calculate How Much You Can Afford

familylendingMortgage News, Mortgage Talk Canada

Know what you can afford – get a mortgage pre-approval. When it pertains to securing a mortgage, people would like to be aware of the amount of money they are able to borrow. The following are a few quick formulas to assist you to determine exactly what you are able to afford. Loan to Value (LTV) Lenders will only allow … Read More

How to Know When You’re Ready to Purchase a Home

familylendingMortgage News, Mortgage Talk Canada

Think you are ready to be a homeowner? Here’s exactly how you can tell! 1) You have a budget Factor in homeowner’s insurance coverage, property tax, fees, upkeep costs, and the best available home mortgage rate. 2) You have a sizeable down payment. Generally, you’ll need a down payment worth 20 % of the house price. 3) You have a … Read More