First Time Home Buyers Credit
With a mortgage broker you will be able to get a variety of rates and terms to choose from. With a mortgage broker you get unbiased financial advice better than you would get from the lenders or the banks themselves. With a mortgage broker you get to compare a variety of service providers so that you get everything you need under one roof which saves you time you could have spent shopping around for mortgages on your own.
To rent or to buy?
Instead of this, we can advise you on how to acquire your first home and how to do this with the least financial strains by acquiring the best mortgage for your needs. Buying a home is really investing in yourself and your future since as you continue paying the mortgage you acquire equity in the home which will go a long way later on when you need to get money even before the mortgage loan has been paid completely.
Fixed or variable mortgage rates?
The fixed mortgage loans are also pretty easy to understand for the homeowner. With a variable mortgage rate loan, the interest rate changes. It may increase or decrease based on the market trends. For most lenders the variable mortgages require low initial payments which means the borrower qualifies for a bigger loan.
Also, you can enjoy lower interest rates and therefore lower payments when the interest rates decreases. We can help you to decide which type of mortgage is the best for your needs.
Do you qualify for the first time home buyer credit?
There is a lot of confusion about the first time home buyer credit. Many people wonder whether the tax credit is still available and whether they are eligible.
If you purchased your home for the first time anywhere between 2008 and 2010 you might still be eligible for the tax credit. We can help you identify whether you are eligible for the first time home buyer credit so that you can claim and enjoy it. Are you a first time home buyer in Kelowna? We can help!