Open House - The Real Estate and Mortgage Show
Steve and Frank are joined once again by Erin Peck and Sara Orr of the Paul Rushforth team, to discuss mortgages, real estate and home staging.
On this week's episode of the Real Estate and Mortgage Show, topics include mortgage rates and how to obtain a rate hold, home staging, investment properties and credit scores.
Many home owners don't know that they may be able to hold a great interest rate for up to four months before they actually have to renew. On this week's show, Frank reveals it is actually a very simple, no obligation process. Providing a basic application will allow your Mortgage Broker to hold the rate for up to 120 days, saving you from the possibility of rising rates.
One of this week's callers was concerned with how a less-than-perfect credit rating would affect renewing his mortgage. Although having a good, clean credit report is becoming more and more important when qualifying or refinancing, it should not come into play if simply renewing a mortgage. A lender cannot refuse to renew your mortgage unless payments were missed. For more information, contact your Ottawa Mortgage Broker.