People here in Canada now prioritize the decision of buying a home instead of living in a rented property.
The reasons for this shift are many.
Some of those reasons are as follows –
- Buying a home in Canada now comes with a lot of tax benefits. The Canadian government offers a myriad of tax benefits to people who own a home.
- The overall price of Canadian land and real estate properties is increasing at a steady rate. Hence, owning a home will secure your future as you can use the funds from selling your home if you find yourself in a financial emergency down the road.
- Homeowners who bought a home through a mortgage, instead of cash, will be able to improve their credit score with every mortgage payment. A good credit score will allow a person to be eligible for a loan, any time they want to apply for one.
So, in case you are planning to buy a home, you should go right ahead without second-guessing your decision but make sure you hire a mortgage advisor.
Why?
Well, there are many benefits of hiring a mortgage advisor.
Some of the most amazing ones are mentioned below –
Table of Contents
They Will Offer You Informed Financial Advice
Revered mortgage advisors like Jason Wermie shields people buying a home for the first time from making bad real estate transactions.
Often, people buying a home for the first time choose a property based on emotions.
They fail to consider important aspects of a new home such as –
- The tax they would need to pay for the home to the authorities
- The maintenance cost they would need to bear monthly or annually and
- The renovation costs they would need to bear before they move in.
Mortgage advisors act as a guide for home buyers so that the latter does not add their home to their list of ‘financial liabilities’ – it is as simple as that!
They Will Help You Get The Best Mortgage
Revered mortgage advisors are on good terms with all leading lenders hence, they will be able to negotiate with them on your behalf in a bid to get you the best terms.
This aspect will benefit you in terms of your monthly expenses as you will be getting a mortgage that comes with flexible payment options, a low rate of interest and a loan amount that will meet your needs.
They Will Ensure That You Get A Mortgage Even If You Have A Bad Credit Score
Veteran mortgage advisors like Jason Wermie are capable of helping out people with bad credit scores to get their hands on a mortgage that suits their needs.
In this context, it is best to remember that the process will be a lengthy one. Consult with a revered mortgage advisor if you have a bad credit score, for more details.
Conclusion
It is apparent that hiring a mortgage advisor when you want to buy a home in Canada offers you a lot of benefits. The catch lies in the fact that you are hiring one that has a stellar reputation and has years of experience. This is the only way you will be able to reap the most benefits. Hence, hire a mortgage advisor only after conducting thorough research, for the best results.
