The Real Estate and Mortgage Show - May 23
Listen to Steve Gregory, Frank Napolitano, Paul Rushforth take all of your real estate and mortgage questions on The Real Estate and Mortgage Show.
On this week's episode of The Real Estate and Mortgage Show, Steve, Frank, Paul discuss the booming real estate market in Ottawa, Paul mentions that homes buyers are looking for "turn key" properties so that they don't need to do any sort of renovating and Frank recaps the latest mortgage rate trends.
Frank recaps his appearance on CTV Morning Live where he speaks about mortgage penalties. He also discusses how Banks will attempt to match mortgage rates that monoline lenders will offer you (through Mortgage Brokers), but won't adjust their actual product features.
Most homeowners only find out what their penalty is when they attempt to break their mortgage early. Frank provides an example of clients who attempted to sell their home but found out from the bank that their penalty was enormous.