The Real Estate and Mortgage Show - June 6
Listen to Steve Gregory, 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, Barb & Paul discuss May's real estate market in Ottawa, which hit a new record of most sales since 2009. Paul also discusses the difficulties in the condo market. With such a huge influx of rentals on the market, it is becoming increasingly difficult to sell a condo, or manage to rent one and make a profit on your rental income.
Barb Kramer goes into detail on the difference between bi-weekly payments & bi-weekly accelerated payments, and why one of them is more beneficial for you than the other. With mortgage rates still being at an all-time low, taking advantage of a payment schedule that will help you pay off more principal on your mortgage will help you save years off of your amortizations schedule and save thousands of dollars in interest.
Thinking of whether or not a cottage is a good investment? Paul shares his experience in renting out a cottage for a couple of months a year, which helped cover his mortgage costs for the whole year.
Click here to listen to the full Podcast