11 Insider Secrets of a Langley Mortgage Broker Modest MoneyLeave a comment

The following is a guest post about industry secrets from a Langley BC mortgage broker. If interested in submitting a guest post please read my guest post policy and then contact me.

The importance of buying a home goes far beyond finding a place that feels like home. This is likely the largest undiversified investment you will make. Especially in the Vancouver area, which according to Demographia is considered the second least affordable housing market, being a successful homeowner requires a dispassionate approach to buying a property.

That’s all fine in theory, but when you’re actually buying a home, cruising around town with your Real Estate agent checking out listings is way more interesting than comparing interest rates and mortgage penalties.

This article will give you eleven practical tips to save money on your Langley mortgage, so you can get back to comparing Real Estate listings.

1. On average, variable mortgages cost you less

Most Canadians stick with a 5-year fixed mortgage, usually because they like the financial security of knowing what payments to expect. Is it the best option? Maybe, but it depends entirely on your situation. Aside from a brief period in the 80’s, you would have paid…

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