In springtime, homeowners in second-home and recreational property communities can get itchy feet, as longer days and warmer temperatures bring prospective buyers. Before you look to move and right-size your life, keep in mind your current mortgage situation, how you and your spouse’s employment status has changed since you purchased your last house, and what your future needs might be when it comes to either housing or providing support or down payments for adult children entering the market through the so-called Bank of Mom and Dad. Often, a quick visit or two to a licensed mortgage broker can save unplanned grief (not to mention thousands of dollars) down the road. cmbabc.ca
Helping hand: Four out of 10 Canadian home buyers use a mortgage broker and 73% are satisfied with their services (CMHC).