Burlington’s Housing Market
The City of Burlington is located on the north shore of Lake Ontario between Hamilton and Toronto. The city is a growing municipality with a population of 183,314 and is located in an area known as the Golden Horseshoe, the largest economic region in the country.
Thanks to the region’s bustling economy, Burlington’s housing market is one of the strongest in the province. With the economy in Burlington and the Golden Horseshoe expected to remain strong, those looking for a mortgage in Burlington can be confident that the housing market is going to remain resilient.
Finding the Best Mortgage Rates in Burlington
If you’re thinking of buying a property in Burlington and are looking for a mortgage with the best rates, you won’t find them at the big banks. The best place to find a mortgage with the best rates and terms is with a private mortgage lender.
Why use a private mortgage lender like Canadalend.com? Because they’re licensed and independent. That means they’re looking out for your best interest. The big banks can’t say that. They only push their financial products, even if it’s not in your best interest.
The mortgage experts at Canadalend.com, though, are independent and they have access to hundreds of different lenders. That means they’ll find you a mortgage that meets your financial and lifestyle needs.
Keep in mind, though, that there’s more to think about when getting a mortgage than finding the one with the lowest interest rate. Mortgage rates are obviously important; after all, even a small increase can translate into paying tens of thousands of dollars in extra interest payments.
But if you’re looking for a mortgage in Burlington, you also need to pay attention to the terms and conditions of the mortgage. The fine print can contain penalties and hidden costs you may not be aware of. You also need to think about the amortization period, whether you want an open or closed mortgage, whether you want a fixed or variable mortgage, and whether you want an accelerated repayment program.
Why Choose Canadalend.com?
Not too long ago, you could have bought a house or condominium in Burlington with no money down and a mortgage with a 40-year amortization period. Not anymore. The Canadian government introduced a large number of tougher lending rules. Why? To avoid the same kind of housing bubble that helped send the U.S. into a recession in 2009.
Unfortunately, those stricter lending rules have made it very difficult for many first-time home buyers in Burlington to qualify for a mortgage.
For starters, the maximum amortization period has been cut to 25 years and the minimum down payment for new government-backed mortgages has been raised to five percent.
Tougher lending rules have also made it difficult for Canadians who are self-employed, have declared bankruptcy, have bad credit, have unreliable income, or are non-residents to secure a mortgage.
That’s where private lenders like Canadalend.com come in. We are not bound by the same lending rules as Canada’s big banks and trust companies. Because of this flexibility, Canadalend.com has a lot more freedom to find you the financial product you’re looking for.
Canadalend.com’s Financial Services
- First mortgages for first-time home buyers
- Second mortgages in Burlington
- Residential mortgages in Burlington
- Mortgage refinancing in Burlington
- Commercial mortgage for businesses in Burlington
- Home equity line of credit (HELOC)
- Mortgages and tax arrears in Burlington
- Debt consolidation for bad credit in Burlington
- Home equity loans in Burlington
- Mortgages for those in Burlington with bad credit
Canadalend.com—The Best Choice for Mortgages in Burlington
If you are interested in buying a home in Burlington or are self-employed, looking to consolidate debt, refinance, or have been turned down by the big lenders, for any reason, a licensed agent at Canadalend.com can help.
To see what kind of mortgage or loan you qualify for, contact Canadalend.com today or apply online and a Canadalend.com mortgage specialist will set up an appointment for a free personal consultation at your earliest convenience.