Make Sure You Understand Closing Costs

Find Your Mortgage Inc. wants to make you aware that If you are considering a move, it pays to be informed about the closing costs you may have to incur when completion date comes on the closing of your real estate purchase.  Many homebuyers are startled to learn that after they arrange their mortgage they have to pay a range of additional fees to finalize the deal. 

Like most of us, you probably have a busy, hectic life with work and family.

We at findyourmortgage.ca would like to combine helping you with helping out.Let us arrange your mortgage, renewal, or line of credit, on your Home, Cottage, or Commercial Property and we will contribute $250.00 to habitat for humanity's next Toronto Build.

If you like, you may even join us and swing a hammer.http://www.findyourmortgage.ca

“Good Debt” versus “Bad Debt”

Not all debt is created equal… the difference lies in how it helps or hurts  your pursuit of your financial goals.

Some debt can be seen as an investment in one’s future:

• Borrowing money to maximize your RRSP contributions.

• Loans with tax-deductible interest to earn investment income.

• Borrowing to acquire an asset that may increase in value, such as your home or a rental property.

First-time home buyers in major Canadian markets attempt to get in ahead of higher interest rates, says RE/MAX

Driven by the threat of higher interest rates down the road, first-time buyers are contributing to strong upward momentum in residential housing markets across the country, according to a report released today by RE/MAX.

Here at Find Your Mortgage Inc. we can provide you with private financing for special situations.

With so many Lenders fighting to get your business these days its hard not to find Conventional Financing.

For those special circumstances where Private Financing is required, we have the resources to get you quality private financing. Whether its short term or a unique situation we can help with your Mortgage needs.

Regards,

Find Your Mortgage Inc.

416-459-6945

Urban Un-sprawl

When trying to decide if its the right time to buy or rent, there are many variables to consider.

Speaking to one of our Mortgage Brokers can help. We will look at things such as: how much income do you currently have and how secure is it? Is your income salary based or commision? Are you self empployed? What are your financial obligations at this time? Do you have debt that can be consolidated with a Mortgage?, What are your assets and liabilities?

There is often confusion surrounding mortgage rates.

The one thing to keep in mind is that everybody has to qualify for their rate. Just because the current rate is 4.00% on a 5 year fixed does not mean you will get it. You may end up with 4.10% or 4.25% or even higher. There is always criteria the lenders have for a person to qualify for those best rates.

The key is to have one of our mortgage agents on your side. We know which lenders will have the criteria that you can meet in order to get the lowest rate.

Getting approved for financing now may save you money and frustration later.

As rates become a bit unpredictable, you should consider getting pre-approved. This way when you are ready to buy, you will have been approved for the rate at the time you applied and if the rate dropes you get the lower rate.  Example: if you were pre-approved at 4.10% on a five year closed and the rate went to 4.25% when you purchase your home you will get the financing at the lower rate. If the rate went down to say, 3.90%, you will still get the lower of the two rates.

Find Your Mortgage has sprung into the world of mortgages with great success!

Have questions or concerns about your mortgage? Need advice on how to obtain financing?

Call 416-459-6945, or e-mail us at: info@findyourmortgage.ca

We will provide useful information throughout the week and tackle the most frequently asked questions.

Check us out daily for up to date rates and information.