Bite the Bullet

February is upon us and Spring is right around the corner, at least the real estate market thinks so. It was a great January for the Jamie Moi Mortgage Team. In fact, based on mortgage volume, we had our largest January in 4 years! 2014 is looking good! I often have clients ask me about whether or not they should make the leap from a condo to a house or, take the in between step of buying a town home. There are new articles out, such as the one below, that suggested that making the leap is the safer thing to do. Several factors such as employment stability, low interest rates, a stable real estate market and the high costs of real estate fees and property transfer tax are considered. It is concluded that making one move is cheaper than making 2. Because interest rates are so low, it makes it easier to pay down a larger mortgage faster than jumping from a mid-sized mortgage to a larger mortgage mid-stream. Are you ready to buy a house? Ask me!