Buying A House?  How To Get The Best Mortgage.

1. Reduce your loan-to-value (the amount you are borrowing as a percentage of the property value). The best rates are available to those with sizable amounts of equity in their homes, so if you have savings earning poor rates of interest, use some of the cash to pay down a chunk of the mortgage. However, remember to keep some money back for emergencies.

2. Maintain a good credit history. Pay bills on time as missed payments show up as a black mark on your file.

3.  Start paying off debts to avoid getting into difficulty as repayment rates increase.

4. Use an independent, reliable mortgage broker. They will advise you on the right deal for your circumstances, plus they often have access to rates that are not available direct. If the best deal is available only direct from the lender, an independent mortgage broker will be able to advise you of this.  Over the past 20 years, The O'Dell Group has worked and built relationships with and have resources to the top mortgage brokers in our area.