Owning a property for the first time is such an exciting experience. However, it can also be a little daunting especially when you are faced with news about the rise in Canadian mortgage rates in the present market. As a first-time home buyer, the prospect of getting stuck with a mortgage rate that is more than what you can actually afford may be a little disheartening. That is why the following tips are essential to guide you in finding and landing the best deals in today's Canadian mortgage market.Tip 1 - Ask for your credit report from either Equifax or TransUnion in Canada. It is essential that you know what your present credit standing is so that you can narrow down your list of possible lenders.Tip 2 - Search for the present base mortgage rates of the Bank of Canada. It is sometimes hard to keep up with the changes in the base lending rate. That is why it is necessary to keep yourself posted especially if you are on the market for a new home. Lenders all over Canada are using this as their basis for their given Canadian mortgage rates.Tip 3 - Set an appointment with some of the major financial companies and get an initial quote from them. For alot more click on Canadian deals. Before going to the meeting, it is important that you know exactly what you are looking for and that you are being realistic with your goals. Setting an appointment with a bank that you deal with on a regular basis might also present some perks since you are already a client of that bank.Tip 4 - Aside from the major mortgage companies, look at what local provincial banks and credit unions have to offer. A lot of these companies have a variety of lending criteria and you might find some nice discounted rates that the bigger banks cannot offer.Tip 5 - Look for a mortgage broker you can trust. Trust can be earned especially if the person or company you are dealing with has great experience in finding the best deals in the market today. Brokers and agents are also knowledgeable in mortgage rates and how to get the best rates which is why you need their help. They can do the shopping for you and you can land the best deals without even lifting a finger.The good thing about searching for the lowest and the best Canadian mortgage rates these days is that you have the internet to help you and guide you in your search. You can also use online tools like the mortgage calculator so that you can get the bigger picture before you sign up for any deal. To read more visit this awesome site....