Affordability is a major concern for today’s aspiring first-time homebuyers. In hot real estate markets like the Greater Toronto and Greater Vancouver regions, however, the desire for affordability can be challenged by the competitive fervour caused by escalating prices and bidding wars. As anyone who has researched homeownership in these markets knows, it’s easy to feel the pressure to bid higher than you’d like.
One of the benefits of working with an independent mortgage professional; compared to getting your mortgage through a single institution, is choice. And as there are even more mortgage rules coming into place January 1st 2018, (read about them here) now more than ever, having access to a wide variety of mortgage products is going to ensure you get the mortgage that best suits your needs.
The Bank of Canada today maintained its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
Maraming salamat sa pagbisita sa Mortgages by Bernadette & Team Blog. Ang Mortgage Chat ay isang weekly Facebook Live video kung saan pinaguusapan natin kung ano ang nangyayari sa mundo ng mortgages. Naibahagi ko ang aming pinakabagong chat sa baba. Paki-like ang aking Facebook Page, para makasali ka sa susunod na Mortgage Chat, live!
Thanks for visiting the Mortgages by Bernadette & Team Blog. Mortgage Chat is a weekly Facebook Live video where we have a chat about what is going on in the world of mortgages. I've shared our most recent chat below. Please like my Facebook Page, so you can tune in to the next Mortgage Chat, live!
If you've tuned into the news today, you've probably heard that there are new mortgage rules coming into effect on January 1st. 2018. Over the next week you'll most likely hear a lot of commentary on whether these rules are good, bad, necessary, or unnecessary. And no doubt someone somewhere will come to the conclusion that no one will ever get a mortgage again, and that the housing market in Canada is going to come crashing down around us. Please remember that it's the media's job to write headlines and attract eyes, so they tend to sensationalize everything. Take what you hear with a grain of salt. Mortgages will still be written, and houses will still be bought.
Whether you are looking to save a downpayment for your first home or you would like to pay down your existing mortgage just a little more quickly, the secret to getting ahead might just be in managing your spending habits.