Our Sutton Mortgage Program offers rates as low as 3.39% for 5 years fixed terms while most banks are offering 4%.
With market adjustments we have experienced, plus housing prices have dropped roughly by 15% since March 2008. A single detached home which cost $500,000 last year will probably cost $420,000 now.
This 2 factors alone can ensure home buyers esp first time home buyers who want to own and live in their own homes an excellent opportunity to get into the market NOW. The buyers will get better value for their $$$dollars, since they are in it for long term, they know that their investment will appreciate with time.
As far as real estate is concerned, there always have up and down cycles, it just happens we are in the down cycle, but the market always swings upwards after a downturn. Savvy buyers will know that there won't be a drastic price drop from one month to the next and they will start buying when the market has not yet hit the bottom because when it bottoms out, they know that they will be competing with tons of buyers and speculators. Panic and confusion set in when people start to believe that if they don't buy now, they will miss the boat.
With only mininum 5% down, you will be on your merry way to owning your own home. Call me today at 604-839-6368 or visit my website at http://www.mariamak.com/, let's get started with the process and you will be smiling too!
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