Busted! Don’t Believe These Mortgage Brokering And Financing Myths!

Financial matters are best to be left under the guidance of expert advice as there is so much that non-professionals miss on the financial front. Mortgage brokers and financial planners can share a lot of information to help you grow your assets exponentially. Therefore, it’s wise to stay away from falling into the common myths and trust only expert advice when making serious financial decisions.

To help you steer clear of these misconceptions, Jose Ramirez, from Mortgage Alliance Walk In Centre, has debunked some of the most widely believed myths about mortgage brokering and finances.

Myth 1: You need to have money to start planning the purchase of your home

This myth is why most people procrastinate in deciding to buy a home for themselves. Lack of vision leads to failure to plan, and with no plan, there will be no action taken. Most people don’t plan to fail, but fail to plan. Unfortunately, when there is no clear plan with a time frame, the dream of home ownership seems all too distant. Start the plan, and let me show you how you can make your dream of home ownership a reality.

Myth 2: If I don’t qualify for my dream home now, I rather wait

Many people think this way. This only means we don’t fully understand how real estate works. The reality is most people buy a starter home first, hold it for some time to let it appreciate in value, and meanwhile pay down their own mortgage. These two factors combined produces equity which can be taken out by refinancing or when selling and use it for the down payment of the dream home.

Myth 3: Wait until the market is right to buy your home

Timing the market is very difficult. If you are paying rent and spending all your savings there, you can rest assured that the market to buy is more right for you now than it will ever be.

If you’re looking to steer clear of these myths, reach out to Jose Ramirez at Mortgage Alliance Walk In Centre, a mortgage broker and financial planner in Calgary, AB. We have been in this business for over fifteen years, helping families make the dream of home ownership a reality and meeting other important financial goals. We deal with mortgages for purchase, refinances, and renewals as well as financial planning, life insurance, and investments. We serve clients across Calgary, Cochrane, Irricana, De Winton, Okotoks, Strathmore, Airdrie, Balzac, Chestermere, Carseland, and the surrounding areas.

Get in touch with us today!

For a complete list of our services, please click here. If you have any questions about Mortgage Alliance Walk In Centre, we’d love to hear from you. For more information, please call us at (403) 836-4460 or email us at jramirez@mortgagealliance.com.