The Real Estate and Mortgage Show - January 23
Steve, Frank & Paul are joined this week by Michael Hapke, managing partner at Mortgage Brokers Ottawa, ready to take on your real estate and mortgage questions.
To begin the show, Steve discusses the differences about a Mortgage Brokerage and a Real Estate Brokerage. Frank explains what a Mortgage Broker is and what their goals are: To help clients get a better understanding of mortgages. A Mortgage Broker, unlike a Bank representative, works with many lenders and helps arrange a mortgage product specifically tailored to each individuals unique circumstance. Whether a client is separating, becoming a first time home buyer, is self-employed or is a previous bankrupt, a Mortgage Broker is there to help guide you and simplify the mortgage process.
Frank describes how Mortgage Brokers can work with clients, whether it takes a month or even a year to get a solid strategy in place. Mortgage Brokers work for you, for free, as they get paid only by lenders, upon closing a mortgage deal.
Paul Rushforth has led a successful Real Estate Brokerage, working in the industry for the last 12 years. His Brokerage has helped sell over a staggering 3900 homes. Paul has had success due to the trust clients have for his team. With a dedicated admin team working for his brokerage, Paul allows his real estate agents to have the freedom to focus on helping clients sell or buying a home. This has allowed his brokerage to become one of Ottawa's top producing teams. Just like brokers, Realtors only get paid for closing a successful deal.
It is important to ensure you deal with a professional when purchasing or selling a home and arranging mortgage financing to ensure you receive the best price for a home and lowest rates available for your mortgage.