People purchase homes for a variety of reasons. Some want the pride and stability of owning their own home, while others also look at home ownership as a sound financial decision. No matter what the reason, the truth is that home ownership has proven itself to be a good stable investment over time, and one which many Canadians are profiting from.
Buying a home is the largest purchase most people make during their lifetime. That makes your mortgage your largest financial commitment during your lifetime also! At Origin Mortgages, we want to make sure each and every home purchaser is aware of the many mortgage options available to them prior to their purchase and mortgage closing date.
Financial institutions are regularly launching new products and programs, making it easier to purchase that new home sooner. Today, interest-only mortgages, self-employment programs, mortgages for rental purchases, vacation property mortgage financing, and a host of other innovative mortgage alternatives are dotting the home purchase landscape, making homeownership a reality for more people than ever.
It is strategic to meet with your mortgage broker before writing an offer to purchase, and making sure you are crystal-clear on the myriad of home purchase mortgage options available to you. Your mortgage advisor can provide advice on specific home purchase strategies that will save you money on your mortgage (i.e. who’s on title? period until closing? the impact of cash-backs and incentive programs; hst implications; etc). Knowledge is power…. take the time to get a little mortgage knowledge before writing that offer to purchase. Never forget the wise saying: You don’t know what you don’t know.
Whether you are first-time home buyer or a seasoned property investor, Origin Mortgages has access to the very best mortgage products and rates available across Canada. Give us a call… it could save you thousands!