Smart Mortgage Strategies Abbotsford BC

Current economic conditions and the availability of more sophisticated mortgage products over the past several years have left many homeowners "scratching their heads" when it comes to taking out a mortgage.

BMO Bank of Montreal
(604) 854-8762
101-32988 South Fraser Way
Abbotsford, BC
Type
Branch with ABM

Scotiabank
(604) 755-1060
106-2618 Mcmillan Road
Abbotsford, BC
 
Scotiabank
(604) 504-4150
31205 Maclure Road
Abbotsford, BC
 
RBC - Sevenoaks Shopping Centre Branch
(604) 853-8384
32900 South Fraser Way-Suite 142
Abbotsford, BC
Languages
Panjabi, English, French
Office Hours
Monday: 09:30 - 16:00
Tuesday: 09:30 - 16:00
Wednesday: 09:30 - 16:00
Thursday: 09:30 - 16:00
Friday: 09:30 - 17:00
Saturday: 09:30 - 16:00
Sunday: Closed

RBC - Main Br-Clearbrook
(604) 855-5349
31975 South Fraser Way
Abbotsford, BC
Languages
Hindi, Panjabi, English, French
Office Hours
Monday: 09:30 - 16:00
Tuesday: 09:30 - 16:00
Wednesday: 09:30 - 16:00
Thursday: 09:30 - 16:00
Friday: 09:30 - 17:00
Saturday: 09:30 - 16:00
Sunday: Closed

RBC - Abbotsford Branch
(604) 853-2212
33780 South Fraser Way
Abbotsford, BC
Languages
English, French
Office Hours
Monday: 09:30 - 16:00
Tuesday: 09:30 - 16:00
Wednesday: 09:30 - 16:00
Thursday: 09:30 - 16:00
Friday: 09:30 - 17:00
Saturday: Closed
Sunday: Closed

Scotiabank
(604) 870-3200
#100-2777 Gladwin Road
Abbotsford, BC
 
BMO Bank of Montreal
(604) 853-8151
32112 S Fraser Way
Abbotsford, BC
Type
Branch with ABM

Canadian Western Bank - Abbotsford
(604) 855-4941
2548 Clearbrook Road
Abbotsford, BC
Office Hours
Mon - Fri: 9:00 - 4:00

Scotiabank
(604) 820-5475
33217 First Avenue
Mission City, BC
 

Smart Mortgage Strategies

Provided By:

(NC)-Current economic conditions and the availability of more sophisticated mortgage products over the past several years have left many homeowners "scratching their heads" when it comes to taking out a mortgage. Perhaps never before has it been more important for would-be and current homeowners to do their homework before securing a new or renegotiating a mortgage.

John Turner, director mortgage sales at BMO Bank of Montreal, recommends that mortgage shoppers develop a strategy using the following steps in order to ensure you obtain a mortgage that will best fulfill your current and future needs.

Step 1: Start with a clear understanding of your monthly cash flow by developing a list of your fixed expenses such as payments on an existing mortgage, car, credit card and unexpected home repairs.

Step 2: Consider your financing needs may change of over the next five years. For example, you may be planning to start or expand your family or you may be thinking about opening a new business - both of which will impact your income and expenses.

Step 3: Speak with your banker to develop a plan for paying off the mortgage in the fastest and most cost effective way possible.

First-time homebuyers should also consider getting a copy of the BMO First Home Essentials kit - a new guidebook with all the information, tools and resources needed to search for and purchase your first home. You can order one online at www.bmo.com/firsthome.

"Your home is the largest investment you'll ever make and while exciting, it can also be a stressful and confusing experience, even in the best of markets," says Turner. "The best advice is to work with a mortgage specialist, create a strategy and find the mortgage that's right for you."

- News Canada