I found a good article in the Financial Post, targeting first time home buyers.
To sum it up a little first time home buyers should be doing there homework, AND be realsitic about it. They should also look a little further than what their parents, or grandparents or friends are into, because,
A) it might not be the best advice,
B) What product is right for them financially may not be right for you financially and
C) They are not qualfied to give mortgage advice!
So, for all the Home Owner Virgins out there you should really do what is in your best interest and consult a mortgage professional before you enter into a mortgage that is not fit for you and your situation...You could find yourself in over your head.
It never hurts to ask....call us 403.320.1833 or email firstname.lastname@example.org