Thursday, 28 July 2022
By Mortgage Outlet
Leah Zlatkin quoted in Global News: ‘Inflation, High Rates Putting Big Purchases on Hold? How to Budget for Must-Buys’
https://globalnews.ca/news/9022666/canadians-inflation-big-purchases-budget-angus-reid/
Despite rising interest rates pushing monthly mortgage payments higher, the resulting cooldown in the housing market might actually make it a good time for some buyers to get into a home, according to Leah Zlatkin, a mortgage broker and expert with LowestRates.ca.
She tells Global News that you could get a “good deal” on a home if you’re shopping now, but that only applies if you check off a few important boxes.
Firstly, she says long-time renters who don’t have an existing home to sell could be in a good position as they don’t have to worry about selling their own home and losing value on the sale.