Mortgage and buying a new house

[Megable]

Talking about debts, by 2026, the feds will need to pay $153 billion in debit interest charges (nearly $4000 per Canadian). Instead of that money going towards healthcare and lower taxes, it's going to the pockets of bond fund managers.

https://paherald.sk.ca/2021/05/13/canadians-sinking-under-a-1000000000000-debt/

It's concerning that such a large sum is going towards debt interest charges instead of other important areas like healthcare and taxes.

 

[Unlimitera]

Buying a new house is such a big step! When it comes to mortgages, it's all about finding one that works for you and your budget.

 

[foodie69]

Buying a new house is such a big step! When it comes to mortgages, it's all about finding one that works for you and your budget.

No sh!t, Sherlock..

 

[steaky]

Taking out a mortgage can feel daunting, but it's a common step towards homeownership. I remember when my cousin was in a similar situation. She was worried about the rates, especially with COVID-19 affecting everything. Thankfully, she found that some lenders were offering lower rates to attract buyers during the pandemic. As for policies for Indian citizens, it's always a good idea to check with a trusted advisor or immigration expert to get the most accurate information. Oh, and speaking of homes, have you ever checked out the charming summerhouses on https://www.scottsofthrapston.co.uk/large-summerhouses/ ? They're like little havens of relaxation right in your backyard.

Why don't you post in a UK forum?

Btw, not everybody taking out a mortgage.

 

[xrateduniversity]

i plan on leasing for a while first x

 

[FletcherHubbard]

Hey guys,

It's been 15 years since I have moved to Canada. I'm an Indian citizen, and a few years back, I got my PR. Now I have a plan to buy a new house in Canada. But, the one I have checked is a bit high in the budget. So we need to go for a mortgage.

Has anyone here recently took a mortgage? Are the rates are lower due to COVID-19? Is there any change in the policies for Indian citizens?
Speed Test
Thanks!

I got a mortgage renewal and I can tell you that the rates are lower due to the pandemic.