As we enjoy the renewal and warmth of spring, many of us turn our attention to spring cleaning. But did you know that this is also a great time to give your finances a little attention as well? As your trusted mortgage broker, we’re here to help you get started with some tips and strategies to get your finances in order and prepare for a brighter financial future. It’s a great time to take stock, review your financial goals, and make the adjustments required to ensure you’re going to achieve them. Here are 7 tips and tricks to get the process started.
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Mortgage loans are mainly for the purpose of house property payments. The loan consists of two parts, i.e., the down payment and the installment. The down payment is the initial payment in cash which is done and the rest is the loan facility availed as mortgage. The home is retained as collateral against the mortgage.
If you are a senior citizen and looking for a mortgage, then this is for you!
Legally, lenders are not allowed to discriminate against anyone on the basis of age. Mortgages can be confusing, especially for senior citizens. Though, there are many mortgage options available to our senior citizens.
Types
Are you thinking about buying your first home? Don’t get overwhelmed!
With your first-time home purchase comes much intimidation. Our team of mortgage agents are experts on this topic and we’ve put together some tips for first-time home buyers to help along the way.
Here’s what you need to know…
The more payments you make on your home, and the more real estate prices continue to rise, your home equity builds up along side it. However, if you want to transfer your extra equity to your bank account for your personal use, then getting a second mortgage is definitely an option you want to consider.
Finding the right mortgage is a complicated process. And, on top of that again refinancing it sounds more mess. But,
Should You Refinance?
A second mortgage is an option for those people who already have a first mortgage and have paid on it over a period of ten years (or fewer) and during that time have built up what is called equity.
Bridge loans are temporary loans that link the gap between the sales price of a new home and new mortgage. This type of mortgage is beneficial if the buyer’s home is in the market but not yet sold. Thus, you can use the bridge loan amount as your down payment for the second home. This loan is secured by buyer’s existing/first home.
So you want to buy your first home, do you? Well, first you should continue your research on the best home buying options that are available for first time buyers in Ontario. It is probably one of the best decisions you could make, and this list below will point out some of the pros and cons of being a first time home buyer.
With a private mortgage, you don’t borrow from a bank. Instead, you borrow from another person or business. Whether it’s your only option, or one of many, it’s worth learning how these loans work and knowing what can go wrong.
HALTON TEAMQuantity of assets and mediocre credit are of no concern to us, and they shouldn’t be to you either. Just sit back and relax and let your friendly neighbourhood Halton Mortgage Broker help you through the entire home-buying process. We will handle your rate negotiations and all the paperwork to leave you with as little to worry about as possible. So have no fear, you can become a homeowner in no time….
In such a large industry, homebuyers can experience complex issues when it comes to mortgage a home. Without access to mortgage industry resources and expertise, you might make bad decisions and put your financial future at risk. Hiring an experienced, professional Halton Mortgage Broker, eliminate the risks and help you to locate and secure the best mortgage solutions to match your needs.
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