One of the questions I get asked most often from first time home buyers is, "What kind of mortgage can I get?"

This is an important question. The kind of mortgage you qualify for will determine which properties on the market you'll be able to consider, as well as how much you need to budget for mortgage payments.

Please call or email and I'll help you answer that question. That way, when you're ready to look at some homes on the market (or renew your current mortgage), you'll be able to do so with confidence.

One of our Mortgage providers just informed us about a great mortgage product that is currently available. This is a 10 year term with a fixed rate of 3.89%! This is an amazing rate when you consider the history of fixed mortgage rates in Canada over the past 25 years.

Plus the options are attractive:

• 15% Lump sum payments annually
• 15% increase payments
• Double Up payments which go directly to the Principle
• There are options for Bi-weekly and Weekly payments
• accelerated payment options.
• portable, assumable (with a 3 month interest penalty after 5 years)

This is a limited time offer, it could disappear tomorrow. If you could benefit from this, contact us at Tracey-Appleton@ColdwellBanker.ca or 519-500-1226 and we will put you in touch with our Mortgage person. This offer is not being offered by your local bank!

I'm sure that you have heard on the news about the extremely low rates currently available from some Canadian Banks right now!

While rate is important, it may not be the most important factor in your situation.

Here are some of the items you should take a look at when negotiating your next mortgage (and there are more...).

1. The maximum amortization period

2. How long will they hold the rate for you? Can I arrange this mortgage before I start looking for a home?

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For most people, buying a home is the most significant investment of their lives. Moreover, in spite of the doubt and confusion clouding both the financial markets and news headlines, there are many genuine real estate opportunities - especially for first-time buyers.

In general, prices are stable and historical data demonstrates that purchasing a home has proven a sound long-term financial investment. However, first-time homebuyers are often understandably anxious when it comes time to making the purchase. We have come up with a simple "do and don't" list to make the process easier for everyone dreaming of homeownership.

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1.) Find out if Home Ownership is Right for You

Renting vs. Buying

Buying a home is a big financial and lifestyle decision! Make your decision an informed one by taking a close look at the pros and cons of home ownership...

2.) Determine if You Are Financially Ready

How Much Can You Afford?

Now is the time to carefully define your current financial situation and estimate the price range in which you can expect to comfortably purchase...

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