The Victoria B.C. Mortgage Blog

Designing a Mortgage That's Right For You!

First Time Home Buyers in Victoria - Dreaming of a Home?
November 28, 2013 @ 8:46 AM by: The Mortgage Designers

Are you dreaming of home? First-time buyers in Victoria shouldn’t worry.

Talk about mixed messages. There's concern that housing prices and new mortgage rules might push first-time homebuyers in Victoria B.C. right out of the market. But mortgages are still an amazing bargain – historically speaking. In fact, some are calling it the great Canadian mortgage sale. So what's a first-time homebuyer to do? Is buying a home right now a reckless risk... or a great, time-limited opportunity?

Home ownership can make great financial sense. Over the long term, residential real estate in Victoria has been an immensely strong asset, showing excellent appreciation over time. Renters in the Victoria area who add up what they've shelled out during their renting years are often shocked to see how much mortgage help they've given their landlord. Most people would prefer to have that money build their own homes equity... it just makes sense.

If you're dreaming of a home of your own and you live in the Victoria B.C. area, then there's good news. Getting into today's housing market isn't out of the question if you do some good common-sense planning, and that’s where we come in. The team at the Mortgage Designers can help you build that plan and ensure you get off on the right foot in your home buying journey!

Should I just go to my Bank and deal with them for my Victoria Mortgage?

When you're dealing directly with your bank, you just don't know if you're getting the best deal because they only have their own menu of products to offer you, you're limited in otherwords. At the Mortgage Designers we have long-lasting relationships with over 50 lenders, including major banks, credit unions, trust companies and other national lenders. We also have access to many regional and private lenders that greatly expand our ability to find you the best customized mortgage solution. 

More Canadians are in fact looking at our non-traditional lenders, those not federally regulated, because of stringent new mortgage rules. Your Bank will give you a mortgage from their limited offerings; we give you localized expert mortgage advice so you get the best lender and mortgage for your situation, now and throughout your mortgage years.

Please give us a call at 250-744-5557 and we are sure we can help you find the best solution for your needs as a First Time Home Buyer in Victoria B.C.