CTV News - Mortgage Minute March 5
Ottawa Mortgage Broker Frank Napolitano stops by CTV to talk mortgage rates and housing markets with Kurt Stoodley.
Click here for the full video.
Although the National Capital Region is still blanketed with snow, spring house hunters are already out in full force. The uptick in the real estate market has prompted a move by the big banks to again start offering record low rates.
On this week's Mortgage Minute, Mortgage Broker Frank Napolitano reminds viewers that although low mortgage rates are an attractive notion, paying close attention to the terms and conditions of the mortgage is just as important. Talking to a Mortgage Broker gives you the opportunity to shop multiple lenders and find not only the best possible rate, but the best possible mortgage that suits your individual financial needs.
Frank also takes some time this week to talk about mortgage renewals. Approximately 80% of Canadians will simply sign and send their mortgage renewal notice back without attempting to negotiate for a better rate. If your mortgage is coming up for renewal in the near future, talk to an Ottawa Mortgage Broker to negotiate your rate. In many cases, you may be able to obtain a lower rate than your lender is offering, potentially saving you thousands of dollars in interest.