Ottawa Sun - New Homes - - HOMES -

Over the years we’ve talked about many strate­gies and have tried to link them with mar­ket up­dates as well as rel­e­vant mort­gage and real es­tate in­vest­ing in­for­ma­tion. The goal was al­ways to try to ed­u­cate with­out be­liev­ing that we had all of the avail­able an­swers. There is no one size fits all when it comes to in­di­vid­ual fi­nances and it’s im­pos­si­ble to pre­dict what may hap­pen in life and in the mort­gage mar­ket. Reg­u­la­tions and re­stric­tions have cer­tainly in­creased, so when it comes to be­ing able to bor­row ef­fec­tively you need to ex­er­cise the nec­es­sary ac­tiv­i­ties in or­der to qual­ify for mort­gage fi­nanc­ing. Rates are al­ways chang­ing and it’s im­por­tant to un­der­stand when and how much you should bor­row. Ob­vi­ously bor­row­ing more when rates are low and fo­cus­ing on re­pay­ing as they climb are best prac­tices, along with bud­get­ing and en­sur­ing your debt to in­come ra­tios are at a com­fort­able level. This com­fort level would be a po­si­tion that you have room to bor­row more when you want and the abil­ity to ab­sorb ris­ing rates and cash flow fluc­tu­a­tions.

Ex­plor­ing the ever-chang­ing world of fi­nance can be com­pli­cated, in­ter­est­ing and eman­ci­pat­ing. Look at it this way: we are all tied to cer­tain things in life, and money is the re­volv­ing theme around those things, rang­ing in


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