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