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March out like a lamb

A Good Indication of things to come

According to statistics released today by The Canadian Real Estate Association (CREA), national home sales edged upward on a month-over-month basis in March 2013.  Year over year sales are down, but the slight trend northward is a good indicator that we may yet have a strong spring market.

If you are thinking of listing your home for sale now is the time to consult with a real estate professional to see what you can do to increase your curb appeal and amke the property more appealing to perspective buyers.

If you are planning to sell, or if you are in the market to buy a new home, the time is right to get your mortgage pre-approval.  It is important to have your financing in place before you start shopping and making offers on properties.  If you do not do this, you may lose the house of your dreams to a buyer that is more prepared.

As we enter into spring market lenders become busier and that can mean delays for you to get your financing in place. Don't wait until you are ready to start shopping, many lenders will provide you with a rate guarantee for as much as 120 days.  That gives you lots of time to find the perfect home and it means that when you make that offer you have a greater chance of success.  CENTUM can help you secure a solid pre-approval so that when you talk to your Realtor, they will know that you are a serious buyer.

Getting the right mortgage for you

With rates continuing to be at lowest in history there is a lot of competition out there based purely on the rate of interest.  Be careful not to fall into the "lowest rate" trap, you might find out that you are in a mortgage product that does not suit your lifestyle or financial goals.

While rate is important, if you have excessive penalties or are locked into the contract with no way to exit, you might find yourself in a difficult situation.  Mortgages are complicated and there are many different products available to you, taking the time to make sure you have the right one to suit your needs could save you tens of thousands of dollars down the road.

A licensed mortgage professional from CENTUM has the experience you need to sort through the options.  Not only do we have access to dozens of lenders, but we can pair you with the best product at the best rate.  With over 2500 mortgage professionals in every region of Canada, we have local experience with national reach, and that means we can serve your needs better.
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