MORTGAGE Blog & ARTICLES

+1 888 882 0786

Low Mortgage Rate for the Coming Months

lower rates

The “Canadian Association of Accredited Mortgage Professionals” says that renewing your home loan should not be a cause of struggle for you. It is predictable that low rates for housing loan will continue until it reaches the next year. This simply means that those people who keep on paying with higher rates may achieve great savings. That is surely positive news.

 

CAAMP stated that those homeowners, who are paying high rates in terms of refinancing and renewing with their loans for this year, will now pay in a low rating. They also show that there is 16 percent of the people having mortgage experienced the increase of the level of their payments. They will also have the paying of lump sum down as they have a fast loaning. There is another 7 percent of increased happen in the frequency of the repayments of the loan fortnightly. There is also another 11 percent that takes equity that comes from their homes in some purposes that includes investments, debt consolidation and home renovation.

 

Among the first-time buyers, they will have a regular down payment of 21 percent and also 11 percents for the respondents who are gifted with the money in a relative response. There is also 6 percent of receiving the loan from the family member. This idea must be your guide so that you will not be tricked by other companies. You must have receiving low mortgage rate for the coming months.

Share Button

Posted in Mortgage Rates

Tagged :

Mortgage Rates
STOP! Before you apply for a mortgage through your bank, make sure you are getting the best rate! Compare the best mortgage rates in Canada right now. It will take only a minute, but you will be surprised just how much you can save! We at Resourceful Capital Financial Corporation source our rates from all financial institutions, not just the one's that deal with us. To make sure you make a sound and prudent financial decision and get the best possible mortgage.
BEST MORTGAGE RATES
Refinance Calculator
Resourceful Capital Financial Corporation's refinancing calculator will help you decide whether to refinance your existing mortgage at a lower interest rate.
REFINANCE CALCULATOR