What Type of Mortgage Should I Get?

After yet another Bank of Canada announcement regarding interest rates, and watching the cost of getting a mortgage tumble down into the valley of opportunity, you’ve made the wise decision to buy your very first home. You could not have picked a better time. This juncture of 2021 may go down as the one moment in history when buyers in BC truly had all of the power. That said, you’ve still got some questions, namely “What type of mortgage should I get?”. There are significant options and variables to consider. To help, our Okanagan mortgage brokerage has provided clarity below.

First Time Buyers’ Guide to Deciding Which Type of Mortgage to Get When Buying a Home in the BC Southern Interior