Thursday, November 27, 2014 / by Brendan McNeilly
You live in a house, but is it your home? Being a renter is a position that we all find ourselves in at one stage of life, or another. Consider it a means to an end. Eventually the time comes when you are in position to invest your hard earned cash into your future. Enough of your earnings have gone into lining your landlords pockets, as you pay down his mortgage.
First time home buyers nowadays are far better positioned to obtain a mortgage than in the past. Gone are the days when the only institutions that extended mortgages were the big banks. The rise of mortgage brokers and alternate lending organizations has meant that first time buyers enjoy a position of power, as a result of increased mortgage options and mortgage rates being near all time lows.
Imperfect credit record? No down payment? These are no longer show stoppers when it comes to purchasing property. Real estate agents work together with mortgage brokers, mortgage insur ...