Marc Menard from OttawaMortgageShop.com gives us an update on current mortgage rates and answers questions that buyers ask most often.

Time stamps

0:00 Intro

0:25 Current mortgage rates for 3 and 5 year variable and fixed terms

1:41 Where are mortgage rates heading in 2021, looking into your crystal ball

2:16 What difference does a 1% rate increase impact a $500,000 mortgage

3:18 What is critical for a buyer to provide their mortgage broker in order to get preapproved

4:55 Buying a condo, is mortgage approval different

7:11 What happens if you buy a house for $500,000 and it only appraises for $475,000

9:29 Bridge Financing in today's hot market, length and costs involved

12:55 Words of wisdom and final Wrap up

 

For more information, contact Marc Menard from OttawaMortgageShop.com