[ZT] When is a good time to buy a house?

郭森房贷

A recent RBC survey found that Canadians are conflicted about whether to purchase a home this year. While a majority believes it is the right time, more than 70 per cent say they will hold off.

/ W" F$ w! {0 H% q+ b  Q" `The likely reason is, again, conflicting messages in the media. Headlines warn that Canadians are still taking on too much debt; that the condo market in Toronto and Vancouver is slowing down; that interest rates are set to rise; that the market is softening; and that we're still in a housing bubble. On top of that there are rumblings of inflation going up, the price of gas is up, and the jobs situation is still somewhat precarious. So what is a home buyer to do?
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, _" i+ M6 H: JDecide whether you want to buy a house, if you have the means to buy a house, and then go out a find one. The most important factor is your personal readiness.  A home is a long term investment and its value will fluctuate up and down over the course of your tenure in it. It is both a commitment and an achievement that reflects your aspirations and lifestyle, and offers a great deal of personal satisfaction, as well as financial stability.

There is no good or bad time to purchase. Mortgage rates and house prices will fluctuate but over the long term, homeownership is a sound investment that compares well with other investments. When you invest in mutual funds, the mantra for most is buy and hold. Similarly, your home is a buy and hold investment.
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' Z# j/ l6 i; A! F/ W3 QIf we examine the current situation we find historic low interest rates, a housing market where the prices in most markets are stabilizing, a healthy economy that is growing and an inflation rate that is holding steady, thanks to the fiscal policies of our government. So, the sooner you get into your new home, the sooner you will begin to build equity and reap the financial rewards, as well as the personal ones.

3 g* F+ f6 h6 m* x) Z. Z3 CAsk yourself:

5 `6 O8 J/ p1 Q; v1 U  K/ V& a, A* Are you at the point in your life where the idea of homeownership is attractive and makes sense, both now and for the long term?  
* Do you qualify for a mortgage, and how much? If you don't know, talk to a mortgage professional.
+ R# L& }" p+ m* e" e* Can you manage the mortgage payments as well as other expenses that may come along with homeownership, such as maintenance costs and higher insurance fees?
* Do you have a down payment?
* Do you have a strategy to take advantage of this low interest rate environment to more aggressively pay down your mortgage and accumulate equity?
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, p' E4 B9 n: ^! Y. R0 V' `If you answered yes, then start to explore your options; find out what's available and what's involved. It's the right time to buy.
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; F9 ?- _; }/ s1 q- MFor more news, please access to HAPPY MORTGAGES

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What do you think?

小熊之家

I do not have a down payment.

郭森房贷

小熊之家 发表于 2012-4-16 14:44
- _& b$ E% d. a, X; L" c4 II do not have a down payment.

现在一些银行都提供5% 的现金返还，可以作为买房的首府， 如果您选择他们的POSTED 5 YEARS FIXED RATE-公布的常规五年固定利率， 比如枫叶银行是4.99%。但此类贷款对申请人的条件要求严格一些： 信用记录分数要高于680， 工作至少满一年， 至少手头还有少许现金（大约是房价的1.5%）。