Owning a home in the Comox Valley has never been easier
Whether you are a first-time home buyer or thinking of selling your home and upgrading to a better one, the idea of applying for a mortgage is a daunting process. The good news is that there has never been a better time to qualify for a mortgage in the Comox Valley! I asked John Hudey, RBC Mortgage Specialist, to help answer some common mortgage questions.
Why is now a great time to apply for a mortgage?
'It’s a great time to buy a house as the downward pressure on the mortgage rates means that you may qualify for more of a mortgage. Mortgage affordability have never been better,' says John.
Should I get a pre-approval?
A mortgage pre-approval should be one of the first things you think about. You’ll know how much you can afford, and it makes my job as a real estate agent that much easier.
“An RBC pre-approval rate can be guaranteed for 120 days, and if rates go up, you’re protected,” says John.
The video below gives even more reasons to apply for a mortgage pre-approval:
What kind of mortgage should I be looking for?
Homebuyers are often too focused on interest rates, when the reality is that there are a tonne of different types of mortgages and solutions, with varying payment structures, terms, flexibility and down payments. It’s important to get good advice from a mortgage specialist who has your best interests in mind.
“Once you get the mortgage, you also need to have some great advice on how to deal with that mortgage,” adds John, “Rates will change. That’s where my ability to help you plan can help you and your family.”
Where to start?
I’ve been helping people find their way home since 2004. Call me anytime at 250-792-0464, or email melissa@melissaberrigan.ca. You can also like me on Facebook!