Remax Ahuntsic | Be smart about your real estate
It seems that many Quebecers are being smart about their real estate investments. Extra payments, lump sum deposits on the principal, buying or refinancing when low interest rates offer all contribute to a mortgage that is more manageable and thousands of dollars saved. Also, Quebecers plan to invest one of the largest average down payments on their homes ($85,434), which also contributes to a smaller overall debt load.
There is also the issue of responsibility for one’s mortgage. Of the people polled, 98% thought that it was the homebuyer’s responsibility to make sure that they take on an affordable mortgage. However, 97% also thought that banks should help the homebuyer out with information about what happens to their mortgage if interest rates should rise.
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