CTV News - Mortgage Minute June 11
Ottawa Mortgage Broker Frank Napolitano stops by CTV to discuss mortgage rates with Jeff Hopper.
Click here for the full video from CTV Ottawa.
Recent news of rising mortgage rates is starting to circulate, and Ottawa Mortgage Broker Frank Napolitano stopped by CTV to discuss exactly how these changes will affect Canadians.
Frank and Jeff discuss the many options available to Canadians who are renewing, refinancing or applying for their first mortgage, and if now is the time to take a variable rate, or lock in a fixed rate for 5 or 10 years. Frank also reminds borrowers who are planning on moving in the next couple of years that locking in for 5 or 10 years is still an option, as most lenders will allow the mortgage to be ported to the new property.
For more information, contact an Ottawa Mortgage Broker.