The Real Estate and Mortgage Show - August 15
Steve Gregory, Frank Napolitano, Paul Rushforth & Barb Kramer, Mortgage Agent at Mortgage Brokers Ottawa take all of your real estate and mortgage questions on The Real Estate and Mortgage Show.
On this week's episode of The Real Estate and Mortgage Show, Steve, Frank, and Paul discuss how our saving grace in our market is the low interest rates at historic lows. However, this will all depend on how well the economy does over the next few months. If the election pans out the way many expect it to pan out and there’s a majority government with the conservatives then it’s more than likely they will keep the rates steady. If one or the other two parties get in then potentially we will see the rates go up.
There tends to be a misconception that your bank will be as loyal to you as you are to them. Don’t get caught up in the two or three year specials that the banks try and sell you on; why not take a variable at 2 percent and have the option at any time to convert if the rates do go up.
Our mortgage brokers will deal with each customer individually and work with them in due diligence and make sure your information and application are solid. It is important to have experienced agents guide you and get you into a payment you can afford.
This is why it is always important to obtain a second opinion from a mortgage broker.