Many young couples presently renting or living in a condo are now looking to upgrade themselves by buying a home, because mortgages rates being so low and affordable.
Maple Leaf Mortgages is finding that many young couples are eager to move out of their condos or apartments and purchase a home since they are starting a family and space is needed to house their newborn child. It would be wise for them to contact a mortgage broker and see the amount of mortgage they qualify for. Because rates are so low, it may be wise to look at long term fixed mortgages, 5, 7 or 10 year lock-ins.
Houses in the Toronto region are ranging between $400,000 – $500,000, and that is why people are selling their condominiums so they can move there families into a bigger home. Â These new parents want the best for their child, wanting to give them a backyard where they can play and lots of room to roam around.
If you are wondering if you qualify or need some more information, Call us or apply online to see how one of our experts can discuss with you and arrange the financing you need to get you that new home you’re looking for!
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