The Real Estate and Mortgage Show - June 15

On this week's Real Estate and Mortgage Show, Steve Gregory is joined by Paul Rushforth and Frank Napolitano to talk about Ottawa real estate and current mortgage news.

The summer season tends to see many Canadians renewing their mortgages or refinancing to renovate, or consolidate debt. On this week's show, Ottawa Mortgage Broker Frank Napolitano provides several helpful hints for those who are looking to take advantage of low mortgage rates.

• Despite last week's increases, mortgage rates are still at historic lows, making now the perfect time to obtain a rate hold for a renewal, or to consolidate debt into a product with a lower interest rate.
• Be informed about interest rates on other loans before you apply.
• 4 months before your mortgage comes due, start shopping for a renewal rate - don't leave it to the last minute and don't simply let your mortgage auto-renew. The rate will likely be far higher than what you could negotiate by shopping around.