How This New Mortgage Trend Could Affect You

Over recent months there has been a consistent raising in interest rates which is affecting the mortgage industry significantly. On one side of the coin, home prices have stopped rising and, in some cases, started to fall. It’s good news for the property market that reached a boiling point over the last couple of years.

However, on the flip side, the higher interest rate makes it more challenging to qualify for a mortgage. It means that if you still want to buy your dream home, you may have to involve a co-signer or decide on a smaller home.

Seek Professional Advice

I’ve found that the rising interest rate is already affecting my clients, so I’m well-versed in the situation. Feel free to contact me if you’re looking to buy a home soon but don’t know how to proceed. I will help you stay updated with the latest trends, provide helpful information, and explain your options.

Get in touch with me today!

With many years of experience, MORTGAGEGIRL BC – JACKIE WOODWARD will help you with your mortgage needs. As a Licensed Mortgage Broker in Chilliwack, BC, I have over forty years of financial industry experience to count on when offering my services.

My services include first-time home buyer mortgages, home purchase mortgages, pre-approvals, divorce mortgage buyouts, and new-to-Canada mortgages. I also assist with purchase plus improvement mortgages, renewals, refinancing, home equity line of credit (HELOC), and second mortgages.

I serve clients across Maple Ridge, Abbotsford, Chilliwack, Mission, Langley, Hope, and the surrounding areas.

To learn more about the other services I have to offer, please click here. If you have any mortgage questions, please get in touch with me by calling (866) 932-8412 or emailing info@mortgagegirl.ca.