Open House - The Real Estate and Mortgage Show
Steve and Paul are joined in studio by Mike Hapke, Mortgage Broker / Managing Partner at Mortgage Brokers Ottawa. Among other topics, this week we learn about alternatives to traditional real estate investing.
On this week's episode of Open House, Steve and Paul are joined by Ottawa Mortgage Broker Mike Hapke. The group discuss mortgage rates, refinancing, and investing in real estate.
With interest rates still at all-time lows, purchasing a property to rent is still a smart way to invest. However, this week, we learn about alternative options to investing for those who may not wish to be a landlord. Investing in mortgages is an investment strategy that can be utilized in multiple fashions. One way for investors to build wealth is to use existing RRSPs to invest in second mortgages. As the interest rates charged on second mortgages tend to be higher than traditional mortgage rates, the investor stands to gain substantially more than they would otherwise.
For more information, visit the website for Advanced Private Lending.