There’s never been a better time to get into the home ownership market in London, Ontario. Whether you are a first time home buyer, are looking to downsize or are simply looking for a change of pace (or space!), this could be your opportunity make a move.
We’ve seen interest rates hold steady at record lows over the past few years, and according to a recent Globe and Mail article, interest rates in Canada will remain low until 2017, largely due to the weakening oil prices over the past little while. The Bank of Canada has already dropped interest rates twice this year!
One of the best things about working with a mortgage broker is that we have the ability to shop around to multiple lenders on your behalf to find the best mortgage rates. Yes, interest rates are a big factor and can end up saving you thousands of dollars in the long run, but did you know that as your mortgage broker, we also have the opportunity to reach out to various lenders who offer different terms and conditions? That’s right, there’s a lot that goes into the terms of your mortgage and we are here to make sure you get the best rate AND terms to suit your needs. Maybe you are a self-employed individual or looking to purchase an investment property? We all have different financial goals and needs, and there’s the best mortgage out there for you.
We have extensive experience in the finance and mortgage industry working with a wide array of clients, and would value the opportunity to show you how we do business. It’s safe to say that, at least for the next couple of years, that interest rates will stay low here in Canada. Why not take advantage of a great real estate market we have here in London, Ontario? The average home price of a single, detached home here in London, Ontario is far lower than the national average. Affordable real estate is even more affordable when the interest rates are low, so now is a great time to get into the real estate market. Call us today to arrange a no-obligation meeting to discuss your mortgage and financial goals.
Thanks for reading!
Mike de Sousa and Mindy Small
Your London, Ontario mortgage brokers