Step by Step

There seems to be a push to get into a home before the end of the year as first time home buyers are leaping on housing deals across the Lower Mainland. A recent survey by the Canadian Association of Accredited Mortgage Professionals found that more and more people are using mortgage brokers. In fact, the broker share of the mortgage industry increased from 25% to 28% since last year. The survey also found that Canadians are feeling more confident in the housing market and that over 80% of those surveyed had at more than 25% equity in their homes. CAAMP found that of all the new homes purchased in the past year, 57% of them were bought by first time home buyers. In the past year, 38% of mortgage-holders worked to put extra payments on their mortgage and reduce their principal and amortization. If you are dreaming about a home of your own and you are not sure where to start, please contact me. I can offer you a step by step guide to home ownership!