Thanks for dropping by my blog… It’s just had a huge re-design and I’m stoked to unveil it to all my fans!
Now, if you don’t know me or my blog, let me quickly introduce myself. My name is Cindy and I’m just “a woman of no importance” who likes to write about the things she does, places she goes, and the city I live in. I live in Vancouver, BC, Canada and absolutely love it! I was born in Vancouver and couldn’t imagine living anywhere else!
Plus, in order to make sure you do not get bored of my rambling on and on in each post… I invite other Vancouver business owners, Vancouver journalists and Van City bloggers to write occasional blog posts!
The idea of buying your first home can be very exciting that you may not see the pitfalls that many have fallen into, pitfalls that have put some into dire financial situations and virtually crippled others. When you start shopping for a mortgage, there are critical questions you’ll need to answer if you want to avoid penalties for breaking the mortgage and losing your home. You should not be comfortable knowing your monthly rates; you should know how much you’ll have to pay if you break the mortgage and find out the restrictions on changing your mortgage rate. You need to do your homework and find out everything you can about home mortgage.
You should not bite more than you can chew. Timing and budgeting as essential aspects of a loan and you’ll have to take sufficient time to work this out before you make the definitive plunge. With the low interest rates, many Canadians, just like many people around the world are taking many debts. They forget that the economy is improving and that interest rates will rise with the corresponding rising economic situation. It is absolutely important that you make sure you are taking the right loan for your needs and that you are taking the loan at the right time. You should determine how much you can pay for your monthly premiums and for the down payment. You should not forget to include taxes and insurance when making your budget.
Do some research, get instant mortgage rates from the different lenders and banks in Vancouver and compare them. Getting a pre-approved loan can help you figure out a lot of things. By comparing mortgage rates, you give yourself the power to negotiate for the best deal. You should take a closer look at those banks that offer considerable low interest rates; most of such banks will make up for the low interest rates in other ways. You should ask for the fine print and make sure you understand it before affixing your signature on a contract.
You should talk to a competent mortgage broker in Vancouver, someone who has been in the business for a long time and who understands how these loans are administered. Competent mortgage brokers like Chris Landry will not only give you expert advice but will also help you avoid committing mistakes that first time borrowers always make. As an expert mortgage broker, Chris Landry will help you understand the risks associated with the different types of mortgages in Vancouver and how to get around them. Working with a specialist like Chris Landry will save you time, help you make wise decisions and locate the best loan resources in Vancouver. It is absolutely important to understand the difficulties involved in getting loan. With the expert help of a Vancouver mortgage broker, you can decide with confidence.