Ottawa Mortgage Advice Capital Mortgages Ottawa

Ottawa Mortgage Advice

Ottawa Mortgage Advice: Tips for Buying A House In The Nation’s Capital

Capital Mortgages Inc is an independent brokerage in the Mortgage Centre Canada Network and one of Ontario’s leading real estate mortgage brokerages with offices in Ottawa and the valley. Capital Mortgages opened in January 1999 and has since serviced thousands of clients and arranged several billion dollars in mortgages. We provide expert mortgage advice services in the Ottawa area.

Ottawa Mortgage Advice

There are quite a few things to consider when considering buying a house in Ottawa, but let’s start with some of the most important things to consider before making an offer on a house.  Where To Buy A House In Ottawa.  There are several things to consider when buying a house in Ottawa. There are areas of the city where real estate prices are lower than other areas of Ottawa. Many areas of Ottawa have many different housing options and you can buy a home to suit your needs. For example, you can buy a condo or a townhouse for less than most detached houses in Ottawa. If you need to buy a house, it may make sense to buy a condominium in order to get a house. Condos also give you the flexibility to purchase a house and keep the condo as a second home.

What You Should Consider When Buying A House

On the other hand, remember that whether you are buying or renting a house, real estate has a lot of ups and downs, but at the end of the day, real estate holds value. You would never see an ugly house drive out real estate prices or an outstanding house decrease prices. You see an average house, they will see an average house and at the end of the day, a home is a home.  Buying or renting is the best option. And no matter which you choose, a great idea is to do some research before you buy. It is always important to know the rules of the market, ask questions, get informed, compare prices, check the history of a property, the pros and cons.

The Mortgage Process

Mortgage loans are structured in a manner similar to credit cards. The borrower puts down a minimum amount and a lender may secure it with either a mortgage or line of credit, with the borrower making monthly payments toward the interest until the loan is paid in full, usually over 25 to 30 years.

Finding A Home In Today’s Market

Unfortunately, buying a house isn’t easy these days – especially when you factor in the mortgage rules and the additional fees associated with home ownership. Despite this, there are a few simple things you can do to make the process as seamless and painless as possible. Here are five tips for home buying in Ottawa that can’t be found anywhere else.

Make Sure You Get An Idea Of What Your Means To A Healthy Mortgage Payment.

We spend a lot of time discussing the cost of a mortgage and that’s great, but what about the cost of your monthly payments?  With a mortgage rate now below 3% and on the rise, it’s important to know how much you can afford in terms of monthly payments. It’s also crucial to know how much you have to save to be able to afford those monthly payments on the mortgage.

Getting Approved For Your First Mortgage

People looking to buy a new home are told to get preapproved first before buying. This will help you avoid lenders fees and put you in a better position to be approved by the lender. Getting preapproved can be done online and sometimes on paper as well but the paper pre-approval is not as good as the online one. Online pre-approvals look similar to your personal financial statements and it is good enough to get you a good deal on a mortgage and allow you to save time and money.  What Is A Pre-Approval?  When you are applying for a mortgage, the lender will ask you a set of questions to make sure you are a good candidate for a mortgage.


Whether you’re thinking of buying or selling a home, be sure to work with a mortgage expert. They can help you make a smart and informed decision and avoid the many pitfalls that can turn a good sale into a poor sale. They will help you get the best deal and help you to maintain good credit and good reputation.  Most importantly, they can help you avoid problems with the bank or the government. And if all else fails, they can help you find a new home at a reasonable price.  Your mortgage expert at Capital Mortgages Inc will be available to talk to you at one of our Ottawa office locations:  Did you know that Capital Mortgages offers a mortgage calculator?

We here at Capital Mortgages look forward to assisting you with Ottawa mortgage needs. Contact us today by calling us at: 613-228-3888 or email us direct at:

You can use these links to APPLY NOW or CONTACT US.

You can also click here.


Ottawa Mortgage Specialists: Capital Mortgages

Fun Facts About Ottawa

Ottawa is the capital of Canada

Firstly, Ottawa was the capital city of Canada from 1844 to 1857. It became the national capital in 1867, after having been the capital city of Upper Canada from 1841 to 1843. Ottawa has the largest science museum in North America. The Canadian Science and Technology Museum opened in 2015 and has twice the exhibition space of its nearest competitor.

It’s home to over 2,000 unique objects. 4th largest French-speaking city in the world More than 240,000 people in Ottawa are French-speaking. It’s the fourth largest French-speaking city in the world. The region has over 150,000 people who speak French, which is the most in the country.

The Rideau Canal connects to Ottawa

Secondly, the canal is used in winter for a whole variety of winter sports. Aquatots is a unique music and skydiving company with an Ottawa connection. The Royal Military College of Canada is where Canadian Forces officers come to learn their trades.

The museum of natural history was founded by George Howard in 1830. It’s a museum of natural history & paleontology. The Ottawa Art Gallery is one of the world’s largest in area and holds a superb collection of Canadian Art. Tim Hortons originated as a small restaurant that sprang up to serve soldiers at a local military base. The Ottawa Valley region has several lakes including the Rideau Lakes, Ottawa River and the Ottawa River itself. The City of Ottawa is the capital of Canada and its largest city.

The old city hall was built in 1865

Thirdly, the first reference to Ottawa’s Old City Hall appears in an 1863 draft of the Ottawa Plan of Growth. According to this plan, the area known as Bytown was one of three districts to be laid out in the future capital city of the province of Ontario.

Bytown, at the time a mixture of large farm fields, small woodlands and prairie, was within walking distance of the river and was part of a “park and lake” surrounding Ottawa. In the early 19th century, Bytown was home to a village with a population of around 200. By 1835, the population was around 2000. By 1848, Ottawa became the capital of Ontario and was incorporated as a city in 1855.

Canada’s Parliament Hill is in Ottawa

In 2019, the Canadian Parliament will be undergoing some renovations that will last until 2021. Despite the project’s completion date, the Peace Tower will remain an official tourist attraction and accessible to the public. If you’d like to spend some time there, you can visit any time.

The Moncton Cathedral is the only cathedral in Canada Canada’s only cathedral, The Cathedral of the Immaculate Conception of Our Lady of the Angels, is situated in Moncton, New Brunswick. The cathedral was founded in 1930 by the Congregation of the Holy Redeemer.

The church follows the Roman Catholic Church. Ottawa’s military is the largest in the world The Canadian Armed Forces (CAF) has 25,000 troops with over 300,000 reservists.

There are many famous museums in Ottawa

The Rideau Canal is home to one of Canada’s most beautiful and well-preserved old-world canals. When we’re not sailing on the river, we can visit this historic canal to stroll around or jump aboard a paddlewheeler.

There are over 140 attractions located along the canal Located along the waterfront of the Ottawa River are National Capital Commission (NCC) properties, including Parliament Hill, the NCC’s headquarters, as well as many of Ottawa’s prime tourist attractions.

If you’re looking to go for an overnight stay, Ottawa’s hotels offer fantastic rates. Book an evening stay at the hotel just a few blocks from the airport and enjoy low nightly rates, some include breakfast!

Canada Day is celebrated in Ottawa

The capital of Canada is celebrating our national birthday this year with our biggest fireworks display yet. Come check out the city’s biggest and brightest fireworks celebration this year on July 1.

In conclusion, although Ottawa is a small city, there is plenty to do, see and do it all! There are so many options when it comes to meeting people.

We here at Capital Mortgages look forward to assisting you with Ottawa mortgage needs. Contact us today by calling us at: 613-228-3888 or email us direct at:

You can use these links to APPLY NOW or CONTACT US.

You can also click here.