Home Purchase Mortgage Kitchener, Waterloo, ON

A house purchase is one of many possible uses of your funds. With this in mind, it is a good idea to think of this purchase as an investment in a fixed asset.

Frequently, the purchase of a house will also be accomplished by securing a mortgage which is used to fund part of the purchase. The use of borrowed money to affect the purchase of a house is a form of leverage. Your down payment is being leveraged by the amount borrowed to complete the purchase. When the house is eventually re-sold, your gain in this particular investment will be the difference in sell minus purchase price divided by the amount of money that you have actually invested in the property.

Based upon the above, a mortgage, if required, is an important aspect of your investment. Consequently, it is a good idea to recognize that not all mortgages are created equal. Rate is important but the features associated with a particular mortgage product might be even more important.

A mortgage is a loan but it is an important loan. It will pay you to spend sufficient time in exploring your options and to choose wisely.

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