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Latest Trends in Real Estate Mortgage

Posted onNovember 25/2019By

For the last couple of years, Canada’s housing market has experienced gradual disinflation, despite the implementation of policy interventions looking to cease the deterioration in affordability in Toronto and Vancouver. Overall, affordability at the national level has yet to improve. But this is not surprising considering the significant increases in the average mortgage rate over the past two years, which has made it difficult for any reforms to trigger improvement in affordability. If you’re considering buying a home or investing in property, then you should first check out the housing and real estate trends for the year and beyond, especially concerning home types, real estate mortgage rates, and whether this is still an excellent year to buy your dream home. Affordability Relief The falling home prices across the country are probably due to the government’s efforts to aid the Toronto and Vancouver markets, though government decisions made federally affects the…

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A Guide to Real Estate Mortgages

Posted onNovember 18/2019By

Many people struggle with the decision to buy or lease a home. It’s important to know if you want to own a home before getting yourself entrenched in the process of a real estate mortgage. But once you determine that you’re ready for homeownership, the next step is to choose a home you can afford. With each mortgage payment, you will be building equity in your own place. It’s essential to consult a mortgage professional to help you determine how much mortgage you can carry comfortably. This will help you evaluate your financial position and set achievable goals concerning the repayment timeline. Whether you’re a first-time homebuyer or you want to ensure that you’re ready for your next property purchase, here’s a simple guide for the real estate mortgage process: How much debt can you afford? A mortgage has four components that affect the affordability of a property and the…

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