The Real Estate and Mortgage Show - February 9
Frank, Steve and Paul discuss mortgage rates, investment properties and Ottawa versus Toronto real estate markets.
On this week's Open House - The Real Estate and Mortgage Show, Frank Napolitano and Paul Rushforth join host Steve Gregory for an information-packed hour discussing all things real estate and mortgage related.
A popular topic this week was mortgage renewals. Spring is right around the corner, which tends to be one of the most popular seasons for renewals. Frank advises listeners who have mortgages coming up for renewal to start preparations sooner rather than later. With mortgage rates still at incredible lows, it is beneficial to inquire about obtaining a rate hold. Home owners with mortgages coming up for renewal in as many as 4 months can hold a mortgage rate for that time period to protect against the possibility of climbing interest rates, and ensuring they will still have access to the lowest rate possible. Another advantage of a rate hold is that there is no obligation. If rates happen to decrease over the rate hold period, the client is eligible to take the lower rate. Talk to an Ottawa Mortgage Broker to find out more.