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