Date Posted: February 4, 2019
Thinking of selling in this year’s spring market? Get your home ready and listed sooner rather than later. Speaking with your real estate agent will help identify any areas that could use some improvements as people are less inclined to do work when purchasing a home. If you are showing your home during the heavy snow days, ensure that pathways and driveways are clear and the home is kept warm and inviting. When pricing your home, the market and demand will dictate the price that people will pay for your home.
Looking for more information on Advanced Mortgage Investment Corporation? Join the information session happening this Tuesday, visit their website for full details.
With the tight qualifying rules some may consider submitting falsified documents or misrepresenting themselves to obtain loans. Lenders and banks are very stringent in the documentation they require.
Stats Canada has released a report of what income is required to purchase in different neighbourhoods around Ottawa though it seems like the stress test wasn’t factored in. Always consult with your Mortgage Broker to verify what you can qualify for.
In the mortgage rate market, the bond markets remains stable and there have been no additional decreases over the last week.
Looking for more information about your mortgage or qualifying? Contact your Mortgage Broker today.