First-time home buyers shouldn't change their home ownership dream!
June 26, 2014 | Posted by: Cam Brown
Are you confused by the chatter around new mortgages? There's concern that housing prices and new mortgage rules might push first-time buyers out of the market. While the new rules have added some challenge to home ownership, mortgages are still an amazing bargain - historically speaking. So the dilemma for a first-time homebuyer is what to do? Is it too risky to buy now or is now the right time and how long will the opportunity last?
Since you have to live somewhere owning your own home just makes great financial sense. The residential real estate market in Canada has been a very safe long term investment strategy over the past 50 years - showing excellent appreciation as home values rise and mortgage loans are paid down. Renters who add up what they have shelled out during their renting years are often shocked to see how much mortgage help they have given their landlord. Most would prefer to have spent that money building their own home equity.
If you are dreaming of a home of your own, then here's good news. With interest rates at all time lows stepping into today's housing market isn't out of the question if you do some good common-sense planning and that's where I come in. I can help you build a plan and ensure you get off on the right foot in your home buying journey.
Give me a call (403) 650 5509 or send me a note cambrown@invis.ca and let's get started on your home buying plan.
