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Courtesy of your Scotiabank Mortgage Specialist Chris Maxwell-Smith
Choosing a mortgage is a big step. The range of options may seem confusing, but we will work together to make a choice that provides affordable payments today and flexibility for the future.
If you want to know exactly what your interest rate and mortgage payment will be over the term of your mortgage, you might consider a Fixed Rate. The key benefit is that your rate is fixed for the term of your mortgage and your payments will not increase if interest rates rise.
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What is the difference between a real estate agent and a real estate broker?The person you normally deal with is a real estate agent or salesperson. The salesperson is licensed but must work for a broker. All listings are placed in the broker's name, not the salesperson's.
Why should I use a real estate salesperson?
A real estate salesperson is more than just a "sales person." They act on your behalf as your agent, providing you with advice and guidance and doing a job - helping you buy or sell a home. While it is true they get paid for what they do, so do other professions that provide advice, guidance, and have a service to sell --such as Certified Public Accountants and Attorneys.
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For Buyers
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 Many people dream of home ownership but it mandates homework, legwork and considerable effort on your part to ensure that the process goes as smoothly as possible, and you don't bite off more than you can chew. Here's how to make your dream become a reality. This article assumes you will be using a lender.
- Strengthen your credit. The higher your FICO score, which ranges from 300 to 850, the better rate you'll qualify for. Get a free copy of your credit report so you can see what the lenders see on your credit history. Pay off credit cards and resolve any credit disputes or delinquencies.
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