Financing a Home Tips in Durham Region or Northumberland

Get the Best Mortgage Financing Rates When You Buy a Home

Mortgage financing rates are continuing to rise and many potential homebuyers are looking for ways to save money.  Keep reading to learn tips on financing a home in this current housing market.

But there are a lot of myths and misconceptions about mortgage financing rates out there. How do you separate fact from fiction?

Along with industry experts, we’ve created a free report titled “Best Financing: a 3-Point Plan”. To get your free no-obligation copy, simply complete the below form.

Before you go searching for a new home or resale, there are a few crucial steps you should take to get the best deal.

  1. Shop around
  2. Use a real estate agent to find financing
  3. Use a real estate agent to find your home

Financing a Home Tip #1: Shop Around for the Best Financing Rates

It’s important to remember that you have the freedom to shop around when looking for the best financing options. Sometimes a different lending institution than the one you use may have the best rates. 

As a starting point, depending on the type of mortgage you get, average financing rates range upwards of 5.760%. These rates are expected to continue to increase throughout 2022. 

Even getting a partial percent less on a financing rate can save you tens of thousands of dollars. Or even shave years off of your mortgage repayment.

Financing a Home Tip #2: Use a Real Estate Agent to Get a Better Financing Rate

With the right real estate agent, you can get better mortgage financing rates. These select agents are so well-respected in the real estate industry that banks will often extend a better rate.

Just imagine having an inside straight with a bank, where your real estate agent is so well-known that the bank is excited to work with them! This is a huge card in your hand when it comes to negotiating the best rate.

Financing a Home Tip #3: Use a Real Estate Agent to Find Your Home

One of the keys to real estate is to get the best possible price as fast as possible. One fast and easy way to find your next home is with a real estate agent. Want a house in a great neighborhood? One with a pool? Can’t get enough acreage? Dying to have a fireplace for those cold winter months?

An agent can pinpoint homes that match your exact criteria and price point. No more wasting time with online search results that only match some of your wishlists. 

And, by getting to the listing sooner, you have the opportunity to potentially negotiate a better price. Even better, the real estate agent will be by your side to help you negotiate. Nothing could be easier than home shopping with a real estate expert! 

To find out more about mortgage financing rates, call us at (905) 440-0505, contact us here, or complete the form below. For access to our free report “Best Financing: A 3-Point Plan”, complete the form below. Get started on your new home shopping experience today!

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Matt Cooper, CEO | BROKER OF RECORD, Kendell Attrux, CFO | REALTOR
Matt Cooper is the Owner | CEO | BROKER OF RECORD with Your Home Sold Guaranteed Realty of Ontario and has 35 years of sales & marketing experience. Matt and his wife, Kendell, opened their very own brokerage in 2020 during the pandemic. They are serving more families with every passing year! 20+ years and counting! Being anointed "Official Realtors to The Humane Society of Durham Region" has been an honor for them. Matt, Kendell & team know - When you put others first, you will never be second! You can find Matt's full bio here.
(905) 440-0505