Open House - The Real Estate and Mortgage Show
Erin Peck (Sales Representative Selling Partner) and Sara Orr (Closing Manager), part of the Paul Rushforth Team join Steve and Frank this week. They take your real estate, mortgage and staging questions.
This week, the Real Estate and Mortgage Show rings in the New Year with a wealth of information. From the importance of a pre-approval and staying informed about your mortgage, to the future of mortgage rates and why you should consult a Mortgage Broker, this week's show is packed with important information.
The first step for anyone looking to purchase a home should be not only to obtain a pre-approval, but to understand the difference between what you can afford and what you may qualify for. On this week's show, one of the main focuses is being informed about your mortgage. When making the transition from renting to buying, ensure you take into account not only what the mortgage payment will be, but the additional costs associated with purchasing a home. Maintenance costs, utilities, insurance, lawyer fees and land transfer taxes are commonly overlooked by first time home buyers. The mortgage regulations introduced this past summer have ushered in an age of credit, employment history and income becoming more important factors in applying for a mortgage. These are just a few of the many reasons to consult an Ottawa Mortgage Broker.
To hear more, including the expected direction of mortgage rates in 2013, click here for the full Podcast.