I was recently a guest on the the Build Wealth Canada Podcast, hosted by Kornel Szrejber.
With fixed mortgage rates finally beginning to increase in Canada, many Canadians are wondering whether they should be locking in their mortgage rate in case interest rates continue to climb.
We also cover whether you can lock-in a mortgage rate now, and then have the option to renew at the lower rate if the interest rates continue to climb.
And, while it’s easy to get fixated on mortgage rates whether you’re an existing or future home buyer, it is worth mentioning that the penalties for breaking a variable vs fixed-rate mortgage can be drastically different, and can also vary significantly from provider to provider.
Which types of lenders tend to have the largest penalties?
What can we expect in fees depending on the lender and mortgage type that we choose?
We cover all that and more in this month’s episode.
Also, the spring real estate season is now upon us with lots of Canadians looking to buy and/or sell their homes. I take us through what you can expect, and how COVID is impacting the real estate market in Canada.
- Listen to it on iTunes.
- Listen to it on Google Podcasts.