Getting the Lowest Possible Mortgage Rates

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<h1>Getting the Lowest Possible Mortgage Rates</h1><strong> Author: <a href='http://www.articleseen.com/profile_Lisaseo.aspx'>Lisaseo</a></strong><br /><p>The global financial crisis has set the alarm bells for the economy all over the world. The world's preoccupation with the global financial crisis has led to the slash in the interest rates to historical lows in an attempt to encourage the local and keep the Canadian borrowing. This has resulted in creation of stimulating conditions for the homeowners and new buyers to secure excellent rates on their mortgages. Presently, the Bank of Canada is offering its prime rate at .25 percent, or a quarter of a basis point, and will maintain it (barring unforeseen complications with inflation) through to next year. This puts the bank prime rate at 2.25 per cent, the lowest ever observed. It has really become a herculean task to make a right choice for a mortgage loan at the lowest possible rate, when you have so many players in the same ring. Every lender out there is interested in making his own profit. Everyday, we come across thousands of advertisements across every media, where they declare that they are offering you the “lowest mortgage rates”. With the mortgage rates slashed to lowest ever, it has led to the increase in the sales of real estate business in particular. It has led to their wish coming true of owning their own home for majority of the people. All the information is easily available on the first time buyer mortgage when you hit the internet. If you come across any authorized lender while searching online resources, you can easily get correct financial advice from him. Today, you can find out thousands of deals listed on Internet day in and out. It is always advised to go through all these websites which provide a lot of information about the professional mortgage services, before taking any final decision. We can access lot of independent advice companies while exploring the net. Using this information, you can directly contact that lender. It is always advised to get the services of a well-qualified, professional mortgage expert , who is fully armed with the complete information to guide you in the right direction. They will be able to advise you on the potential pitfalls and benefits. Lowest first mortgage rates, though appealing, are subject to market risks. Interest rates may go up and real estate prices may come down. Your plan to repay the loan based on outdated calculation may go horribly wrong. Therefore it is advised to keep the knowledge of all the facts before going in for a first time buyer mortgage.</p><strong>About the Author:</strong><br />We at CMEC are the trusted <a rel="nofollow" href="http://www.cmecmortgage.com/">refinance home loans</a> lender that offers an array of refinance and mortgage options. Whether you are in the market for purchase financing or looking for <a rel="nofollow" href="http://www.cmecmortgage.com/">mortgage refinance</a> assistance, you can count on CMEC for exceptional customer service and some of the lowest <a rel="nofollow" href="http://www.cmecmortgage.com/">mortgage rates</a> in the Canada.<p> Article Source: <a href='http://www.articleseen.com/Article_Getting-the-Lowest-Possible-Mortgage-Rates_6173.aspx'> http://www.articleseen.com/Article_Getting the Lowest Possible Mortgage Rates_6173.aspx</a></p>

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Keywords : mortgage rates, fixed mortgage rates, refinance home loan refinance mortgage loans, Mortgage calculator, financing mortgage, ,

Category : Finance : Mortgage