We’re in the process of finalizing on an apartment for investment purposes and what is taking the longest is searching for the right mortgage lender. It would be nice to get some mortgage leads so it would be easier to know where to head to. When it comes to getting a mortgage, it always makes sense to have as much information with you as possible. The decision to take a mortgage is quite a major decision for any person and all mortgage leads need to be followed up with great seriousness.
The apartment we’re interested in will only be ready in late 2009 or early 2010, so it’s a medium term investment, but since the project is at the pre-launch stage we’re getting a good price on it, along with some extra facilities and first choice of apartment locations. So now the entire focus is on getting some good mortgage leads and finalizing with a mortgage lender that not only offers us the best terms but has a good reputation in the market.
