Knee-jerk decisions tend to be costly when it comes to personal finance, be it with investing, buying a home or getting a mortgage. If you’re in the market for a new home, get one or more 120-day pre-approvals to protect yourself from rate increases and reset them every few months as necessary.
Thursday, 19 September 2013
Don’t rush to buy a home just to lock in a cheap mortgage rate.
The idea that low mortgage rates are
gone forever sent Canadian home shoppers into a panic this summer. Thousands
rushed to use their rock-bottom pre-approved mortgage rates and buy a home,
contributing to a 20 to 50 per cent spike in sales
last month in Canada’s biggest housing markets.
Knee-jerk decisions tend to be costly when it comes to personal finance, be it with investing, buying a home or getting a mortgage. If you’re in the market for a new home, get one or more 120-day pre-approvals to protect yourself from rate increases and reset them every few months as necessary.
Knee-jerk decisions tend to be costly when it comes to personal finance, be it with investing, buying a home or getting a mortgage. If you’re in the market for a new home, get one or more 120-day pre-approvals to protect yourself from rate increases and reset them every few months as necessary.
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