Mortgaging a home will directly be affected by an individual’s long and short term goals. It is crucial to consider a BC mortgage lender that not only offers a lower interest rate but also offers flexible and alternative lending options even to those who may have the most challenging circumstances.
Key questions that should be asked when analyzing a mortgage should be: Can the mortgage be transferred? Can it be taken over by the buyer (assumable) if the home is sold? Are their options to make a prepayment or skip payment? What is the frequency of the mortgage’s compounding interest?
Taking these considerations into account can save the homeowner money and help them avoid unexpected expenses that may come along the way […]