Buying a home in Vancouver comes with great excitement, but its financing aspect can sometimes be overwhelming. After defining your goals and deciding how much your budget can handle, you can then proceed for a mortgage. What makes financing overwhelming is the availability of different mortgages.
However, the good news is that working with Adkins Healey & Associates can help you define your option and select which is right for you, whether adjustable-rate or fixed-rate mortgages. Here are some of our Vancouver home loans options;
First-Time Home Buyer
Buying a home is always the right decision but requires a tremendous financial commitment. First-time homebuyers can land their dream home through first-time home buyer loans, which is sometimes tricky, especially in expensive cities like Vancouver.
Most people need to get a bank loan on their first home purchase, and gradually paying off the loan over many years at specified BC mortgage rates. However, there are various options to select from considering a first-time buyer home loan.
Whether you're planning for the future or you're shopping for your new home right away, we are ready to assist with your option and get you the right mortgage for you.
Reverse Mortgage
Reverse mortgages allow homeowners to borrow money from your home enhanced equity without making payment as you continue to live the house. Most times, this loan is available to seniors above 60 years of age. Often, proceeds from reverse mortgages are used on investment that brings regular income, set up an open line of credit, or debt settlements.
A reverse mortgage is quite different from other regular mortgages; there are no monthly mortgage payments of principal and interest. Also, a reverse mortgage agreement ensures that there are no repayments until the homeowner's demise or the house is abandoned or sold.
As an expert in what we do and provide the best current mortgage rates in Vancouver, we can provide you with a colossal option of reverse mortgage loan products. We help seniors design their reverse mortgage loans to achieve their retirement goals.
Home Equity Loan
Among other Vancouver home loans, the home equity loan allows homeowners to use their home equity as collateral. The property's value determines the loan amount, and the lending institution determines the home value.
In Vancouver, home equity loans are available in various types and forms, and they can be used for any reason whatsoever. Some reasons to consider a home equity loan is home repairs, medical bills, fund a college education, and so on.
Are you looking to cash out some of your home equity? Adkins Healey & Associates' loan program remains the best option. We offer the Vancouver home equity loans and the best Vancouver mortgage rates.
Mortgage Refinance
One right way to restructure your debts and meet changes in your conditions is to refinance your home. Some important reasons for refinancing are taking cash out to consolidate other loans, switching from an adjustable-rate to a fixed rate, or lowering monthly payments.
Besides, when you refinance, the money is yours and can be used as you wish, it could be used to upgrade a home or plan a holiday vacation.
By choosing Adkins Healey & Associates for your Vancouver mortgage refinance, you are working with a dedicated firm that focuses on helping save by providing you with low British Columbia mortgage rates. With our years of combined experience, we ensure simplifying the entire Vancouver mortgage refinance process easy and stress-free.
Contact Adkins Healey & Associates to build a brighter future: 604.617.4200
