Mortgage Rates – How Are They Helping First Time Buyers?
Recently the Canadian mortgage rates have been quite low. This is good for Canadians who are thinking about purchasing a house in Canada. However, one of the biggest questions on the minds of many first time home buyers is how long will it take to get a mortgage in Canada? The good news for those looking to purchase a new home in Canada is that the answer is “very fast”. In fact, the time to purchase a new home in Canada has never canadian mortgage rates been faster.
In order to qualify for the best mortgage rate in Canada, you need to remember a few key points. First and foremost, you should consider getting a new home mortgage in Canada when the rates are at their lowest. If you plan on investing or building property in Canada for the long-term, this will help you to enjoy great discounts and financial benefits.
Another very important point that you should consider is Canada’s national debt. The last thing you want to do is be locked into a mortgage rate that is higher than what it is in the United States. In order to keep your interest rates low, canadian mortgage rates will need to remain low until at least 2021. With today’s low canadian housing prices, this is a real possibility.