The Regional Municipality of York is one of Southern Ontario’s most popular real estate locations, with Richmond Hill being at the forefront. The town offers the ideal blend of urban and rural living and provides its residents with fine dining options, shopping, culture, and recreational activities. With a population of 185,541, Richmond Hill finds itself with the title of 3rd most populous municipality in the York Region. Richmond Hill is in close proximity to Toronto and proves to be a valuable place for new and recent home owners to settle down. If you’re looking to buy property in the town you should probably use the services of a realtor.
For many future home buyers, finding a real estate professional can be tough if you’re not sure where to look. RECO, the Real Estate Council of Ontario, is a critical resource to get you started on your hunt for the best Richmond Hill realtor. The Real Estate Council of Ontario regulates real estate agents and brokers to ensure that they uphold the highest professional and industry standards. Once you’ve found the perfect realtor, you will need to find the perfect Richmond Hill mortgage broker.
A mortgage professional who knows the area, no matter which area you are looking to purchase in, can offer better information and advice than one who does not. A broker’s job is to ensure you get the finest mortgage package to suit your needs and the best interest rate. They deal with a multitude of lenders and whether you are a first time home buyer or looking to refinance your Richmond Hill property, a good broker will work tirelessly to get you what you need. Oftentimes, people assume that they have to pay for a mortgage broker’s services if they look to buy a more expensive property. This is not the case. The size and price of your property will not dictate how much you pay a mortgage broker because they do not charge for their services at all. Whether you are looking to purchase a condo or a sprawling Richmond Hill estate, mortgage brokers are paid by the lenders they deal with, not you.
Fast Facts About Richmond Hill:
Your home is your most valuable asset. It is probably the single largest investment you will make in your lifetime. Your home is more than a place to rest your head and raise a family. Your home contains equity. It is a treasured resource and in some cases, can even be used as an ATM (aka cash back mortgages and HELOCs – don’t worry we’ll get there).
Everyone who is looking to purchase a home will need a mortgage. But, what is a mortgage exactly and why do you need it? Besides being the term to describe a loan secured by real estate, a mortgage allows you to access funding to procure your dream home.
If you want to buy a home, but are unable to put down a minimum down payment of 20% then you will need mortgage loan insurance. Read More
If you are thinking of buying your first home then you are likely not thinking of mortgage penalties. Read More
When you sign on the dotted line of a mortgage agreement, you do so with the hope that this transaction will ultimately be very beneficial... Read More
We always advise first-time home buyers explore their mortgage options before they do anything else. Read More