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Predicting the Best Mortgage Rates for the Future

Getting the best mortgage rates availableAt the beginning of the pandemic, interest rates were slashed to help minimize the impact of a crashing economy. As we look ahead to post-pandemic times, we can also look forward to the best mortgage rates rising as well. It’s only a matter of time. The best mortgage rates will still be available for prospective home buyers with good credit and who can pass the mortgage stress test. However, the stress test is also getting more difficult to pass. As of June 1, 2021, the stress test rules will change to make it more stringent for new, insured mortgage applications, and it may be better to lock in your variable interest rate mortgage for a fixed-rate mortgage. Not sure what any of that means? Get in touch with us for a complete explanation and to discuss what the mortgage stress test may mean for you and how you can get the best mortgage rates in Burlington. 

Looking for an Investment Mortgage?

If you’re thinking about purchasing an investment property, you will likely need an investment mortgage. Getting an investment mortgage may seem like it is out of reach if you are just getting started, but that may not be the case, especially if you already have equity in another property. You don’t need to get an investment mortgage from a traditional lender, there are many other options. 

Real Estate Investment Has Benefits

Real estate investment is one of the best-performing investments you can make right now. With ultra-low interest rates, you can get into real estate investment with little more than a down payment. Whether you choose to purchase an income-generating property that gives you a steady revenue stream with which to fund your real estate investment or buy a home that you can renovate and flip, both can be very lucrative. If you choose to flip, be sure that you have the contacts and the knowledge to be able to turn your real estate investment into a profit.

Investment Property Mortgages – Just for You

If you are unsure about how to find a lender that will grant investment property mortgages, give us a call. Book an investment mortgage consultation call with Harrison White at HW Advantage. Harrison can give you a personalized plan for getting investment property mortgages without overextending or taking on undue risk. Call us today to schedule your free consultation for investment property mortgages. 

A Private Mortgage Lender May Be the Answer

The Big Six banks may not be ready to help you with a mortgage for investing, but private mortgage lenders may be. Private mortgage lenders are more willing to approve investment mortgages and to consider unconventional mortgage options. They are not required to follow the same stringent regulations that banks and credit unions are required to follow. That makes it easier for private mortgage lenders to lend to people with existing mortgages who are self-employed or have circumstances that would cause other lenders to turn you down. Enlist the help of a mortgage broker in Burlington to help you find and get approval from private mortgage lenders.

HW Advantage – Mortgage Broker in Burlington

Whether you are a first-time homebuyer, looking to renew a mortgage or refinance your mortgage, a mortgage broker can help. We make it easy to shop around for the best mortgage rates. Mortgages can be confusing, and there are many options, including variable or fixed-rate mortgages. We can help you decide which one is best for you. Call us at (905) 541-6961, and let’s talk about your goals and plans for homeownership or investment. 

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