Mortgage Tips for Home Buyers and First Time Home Buyers

By: Your Mortgage Experts  09-12-2011
Keywords: Mortgage, home buyers, Mortgage Financing

You've decided to buy your first home. Before you start looking at properties, make sure you get a solid understanding of your many mortgage financing options. There are many different mortgage products and programs that can help you get into the market – and more are being introduced all the time.

A key hurdle for most first-time home buyers is saving up for a down payment, normally at least 5% of the value of the property. If your down payment is below 20% of the purchase price of the property, "high ratio" mortgage insurance fees are added on top of the mortgage amount.

Mortgage tip

If you're like most first time buyers, getting the most value for your housing dollar is crucial. With access to a full range of mortgage products and extremely competitive mortgage rates, Invis-Feisal & Associates can help you realize your dream of home ownership.

With electronic access to over 50 lenders we will ensure that you receive the best rate for the product of your choice.

Always patient with any questions asked. Felt like they went that "EXTRA MILE" - really appreciated their professionalism and help. Barb S.

Keywords: home buyers, Mortgage, Mortgage Financing, Mortgage Financing Options

Other products and services from Your Mortgage Experts

09-12-2011

Mortgage Strategies for Buying a Recreational Property

In the case of a vacation property that you intend to rent out most of the time, the lender may deduct the rental income from your total monthly debt payments – at Invis-Feisal & Associates we can let you know about a particular lender's policy on rental income.


09-12-2011

Getting A Mortgage for an Investment Property

In addition, your accountant can advise on the tax implications and risks involved in your investment, and your realtor can help with collecting sound information about local rental and real estate markets. Whether you're looking to acquire a condo, house, multi-unit property to add to your investments, planning a successful venture starts with understanding your mortgage financing options.


09-12-2011

Debt Consolidation and Debt Restructuring

Take control of your borrowing costs – at Invis-Feisal & Associates we will review your financial needs and show you how restructuring your borrowings can reduce the interest paid on debt. Many Canadians these days are carrying debt from several sources – credit cards, car loans, personal loans – and are paying much more in interest costs than they should be.


09-12-2011

How to Renew Your Mortgage to Save You Money

If you've received a mortgage renewal form from your current mortgage lender, do not simply sign it without knowing all your mortgage options – 90% of the time you will be paying a higher mortgage interest rate than you should, and you may end up with a mortgage that is not best suited to your individual needs.


09-12-2011

Refinancing Your Mortgage Through Feisal & Associates

At Invis-Feisal & Associates we can assess the penalties you may incur for breaking a closed mortgage, and if refinancing your mortgage is indeed your best option. Whatever the reason, or if you are just looking to benefit from a lower mortgage rate, it can make sense to refinance your mortgage. The reasons you may be looking to access your home's equity and refinance your mortgage are unique to you.


09-12-2011

Mortgage, Property and Debt Consolidations Solutions

Get access to more mortgage choices - and understand which mortgage fits your unique situation. Borrowers today have an unprecedented choice of mortgage types and mortgage features. Choosing The Best Mortgage Options.