Open House - The Real Estate and Mortgage Show
Steve, Paul and Frank take all your real estate and mortgage questions. This week's topics include where to go when you are unable to secure financing through the bank, and what tangible upgrades add value to a home.
On this week's episode of Open House - The Real Estate and Mortgage Show, Steve Gregory sits with Paul Rushforth and Frank Napolitano to discuss the evolving real estate and mortgage market.
The first option most buyers will choose when obtaining a mortgage is their bank. But what happens when the bank is unable or unwilling to provide financing? Ottawa Mortgage Broker Frank Napolitano reminds listeners that seeking the advice of a Mortgage Broker is a viable option, regardless of your financial situation. Mortgage Brokers have access not only to major lenders, but to alternative and sometimes private lenders, availing multiple options for every borrower.
The busy spring real estate market has stretched well into the summer, and buyers have access to seeminly endless options. This makes it more important than ever for sellers to pay close attention to pricing and condition of their homes. This week, a caller inquired about air conditioning as an upgrade to add value to a home. While air conditioning is a good upgrade, a seller should not expect it to add any value, as it is something potential buyers will now expect. Tangible upgrades include kitchen and bathroom renovations, pot-lights and crown mouldings.