There’s no feeling in the world comparable to walking into
your dream home for the first time. It’s an exciting time to buy a home in
Canada, and real estate is quite often the biggest investment one can make in
their lifetime. You’ll experience highs and lows while hunting down your ideal
home, and once that has been completed you’ll be faced with how to finance your
purchase. Selecting mortgagefinancing in Mississauga doesn’t have to be a headache. For most people, it
starts with a conversation with a professional and reputable REALTOR®with the experience to know what to expect based on the attributes and
abilities of the buyer.
The Right Price
For individuals new to real estate, there’s one single
aspect that is dangerously overlooked. Mortgage rates are at the center of
mortgage financing, and even a minor difference in percentages can mean the
difference between an affordable home and exuberant monthly fees. One article
suggests that an increase of just one percent in interest rates would result in
tens of thousands of Canadians defaulting on their mortgages. It’s important to
remember that financial institutions make money from customers through interest
rates and may not have your best interests in mind. It’s often a good idea to
speak with a REALTOR® about your hopes and
goals before setting a price point in your mind. They can help ensure that
you’re looking in the right ballpark.
Financial
Institutions
Once you’ve got a better idea of your ideal price point,
you’ll need to start speaking with financial institutions. There is an
abundance of options out there with a shocking range of interest rates based on
the lender and your credit score. Financial institutions are very rarely
transparent with their advertising in regards to their mortgage rates, so once
again, an expert REALTOR®like those with JN Asensio Realty are a very convenient resource. They can tell
you approximations of the real interest rates being offered based on
information provided from previous customers as well as working relationships
developed with bankers in your area.
Experienced REALTOR®
Investing in real estate is a big step. It’s always wise to
speak with friends and family who have been through the process, but a
consultation with a reliable REALTOR®will yield more current information. A REALTOR®who has been working in your area for a few years will be able to give updated
statistics on prices, interest rates, growing areas, and which financial
institutes can be depended on in terms of advertised mortgage rates. Be sure to
deal with only a REALTOR®with and outstanding track record of customer service that can be proven with a
list of references.
Selecting mortgage financing in Mississauga is just one of
the many things that the finest REALTORS®in the GTA can help you with. A REALTOR®is a valuable asset that should not be underestimated in your efforts to find
the perfect home for the unique needs of you and our family. Contact the finestREALTORS® in the GTA today to learn
about the services that can make buying your dream home a reality!