Tips to Get the Best Mortgage Deals

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The two questions that everyone asks me are Are
house prices going to go down? and Is it a good
time to fix my mortgage rate?

Evan Davis
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Finding a home is an exhilarating experience! But
paying a chunk of monthly income as mortgage
payment is nerve-wracking too. If you are a first
time home buyer then it will be difficult for you
to find the best deal. Follow these tips to get
good mortgage rates in the market.
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Track your credit score

• If you want to get the best possible mortgage
  interest rate then you should have a perfect
  credit score.
• Maintaining a good credit score paves more
  chances to get good mortgage rates.
• Follow personal strict financial practises to
  improve your score.

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Debt-to-income ratio

• If your debt-to-income ratio is more than 40 you
  have no choice to apply for the loan.
• The maximum ratio you can have is 38 and if you
  have debt-to-income ratio lower than 30 you are
  eligible to get good mortgage rates

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Choose right mortgage broker

• Applying for home loan is terrific if you are
  personally approaching a lender. But it will be
  stress free if you choose an efficient mortgage
  broker.
• Hire highly experienced and full serviced
  mortgage brokers since they know more about
  mortgage ratings.

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Renewal process

• Start your renewal process six months before the
  due date.
• Starting earlier helps you to find the best
  mortgage deal in the field

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Contact the best Calgary brokers for a better
deal Phone [phone] Toll free
866-615-6132 Website www.mortgage360.ca