Finally great spring weather has arrived and with it a ‘Bloom’ in home listings giving prospective buyers much more to choose from.
Once again it is a great time to buy a new home. With a more plentiful supply of listings things have started shifting back to a more balanced market between Buyers and Sellers. And this is healthy.
With all time low interest rates and the expectation of real estate ‘appreciation’ this year of 4 – 5% makes it an especially good time to make a move.
We are even seeing people selling and buying again at 5% down to be able to ‘pull’ out equity for other purposes and take advantage of our ultra low rates. In many cases they can pay off their high interest existing credit cards, and high payment lines of credit while buying at the same price point and ending up savings thousands of dollars per month in payments. This is because refinancing is now restricted to 80% of value meaning that up to 15% of equity can be accessed to do any number of beneficial things for home owners.
Not a bad strategy to get ahead in the game of finances don’t you think?
In addition, many are also taking advantage of our CHRP – CANADIAN HOME IMPROVEMENT PLAN to be able to improve/upgrade etc., the newly purchased property to their liking. Call us today for more details on this wonderful program which is part of your new mortgage.
Make your next home, your ‘Dream’ home with CHRP.
The current 5 year fixed bank rate is 4.79%. Our best rate is still 2.89%. Amazing. Certain conditions apply, OAC.
The bank variable prime rate is 3.0%. Our best variable is 2.45%. Conditions apply.
When we get you a mortgage, you avoid the dreaded bank collateral mortgage and you also avoid high penalties if you break your mortgage during the term. Did you know the vast majority of home buyers say they will be in their new home for at least 5 years and they are not concerned about the penalty? This is in the face of the fact that Canadians move on average every 3.5 years. Ouch! Yes this is true. So will our stellar advice and service, you will save big, and we protect you too. Bank penalties can be as much as 5 times any penalty associated with a mortgage through us.
For your next mortgage, the choice should be clear. Choose us first. You’ll be so glad you do!