Hamilton’s Housing Market
A port city on Lake Ontario, Hamilton has a population of around 536,000 and is one of the ten biggest cities in Canada. It is also home to one of the country’s hottest real estate markets. Referred to as the Steel City, Hamilton has become an attractive alternative for people either cashing out or squeezed out of the Toronto market. Because of its close proximity to both Toronto and Niagara, there is a lot of growth happening around Hamilton. Because of Hamilton’s steady economic growth, the city’s real estate market is expected to remain strong.
Finding the Best Mortgage Rates in Hamilton
Mortgage rates are still near historic lows but they’re starting to inch up. Failing to lock in a mortgage at the best rates means you could be paying out tens of thousands of dollars in additional, and entirely avoidable, interest payments.
When it comes to finding the best mortgage, the one thing everyone looks at first is the interest rate. And for good reason; the lower the rate, the less you pay in interest. But there are other factors that have a material impact on your finances, this includes looking at amortization periods, open vs. closed mortgages, fixed versus variable mortgages, and accelerated repayment options.
The licensed, independent, private lenders at Canadalend.com can help you sort through the details and explain everything in detail.
Why Choose Canadalend.com?
If you live in Hamilton or are thinking of moving to Hamilton and are looking for the best mortgage rates, use Canadalend.com. Unlike Canada’s big banks and trust companies, which only promote their own financial products, even if they aren’t in your best interest, the licensed mortgage professionals at Canadalend.com are independent and have access to hundreds of different lenders. That means they have your best interest at heart and can help you secure a mortgage that meets both your long-term financial and lifestyle needs. That’s not something the big banks can say.
Back in 2008, the U.S. housing bubble burst, thousands of Americans lost their homes while others were left paying off mortgages that cost more than the value of their homes. To prevent the same thing happening in Canada, the federal government implemented in a number of strict lending rules.
Whether these tighter rules have had the intended affect is open for debate. But what isn’t is the fact that it is much more difficult for home buyers to actually qualify for a mortgage. At least it is if you go to Canada’s big banks. They have to adhere to the strict lending rules.
Canadalend.com is different. Because Canadalend.com is a private lender, we are not constricted by the same rules. In fact, compared to the banks, Canadalend.com has a lot more freedom and flexibility when it comes to finding you the right loan or financial product.
Our Mortgage Services
- Mortgage for First-Time Home Buyers
- Second Mortgages
- Residential Mortgages
- Mortgage Refinancing
- Commercial Mortgage for Businesses
- Home Equity Line of Credit (HELOC)
- Mortgages & Tax Arrears
- Debt Consolidation for Bad Credit
- Home Equity Loans
- Mortgages for Those with Bad Credit
Why Should You Choose Canadalend.com?
If you’re a first-time home buyer and are thinking of buying a property in Hamilton, or are thinking of refinancing your current mortgage, consolidating debt, taking out a second mortgage, HELOC, or are self-employed, have bad credit and have been turned down by other lenders, talk to a licensed mortgage expert at Canadalend.com.
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.