A Real Estate Show with Competing Perspectives
Episodes
Thursday Nov 01, 2018
Thursday Nov 01, 2018
Our first guest returns!
She's well spoken. She knows her stuff.
Stephanie Barritt - Mortgage Architects
Contact Steph for help with new mortgages or refinancing. She's mobile (serving all of Metro Vancouver), and on site at our office in New Westminster as well as our sister office in Coquitlam.
10:30 - News
Bank of Canada ("BoC") announced a rate increase. Stephanie helps us understand the impact. Should you lock in if you have a variable rate mortgage?
19:28 - Discussion
Stephanie sheds light on the growing trend of "Alternative Lending" also referred to as "B Lending" and "Shadow Lending." It's an option that opens up opportunities for a short term mortgage until a borrowers' situation gets in line with current "A Lenders'" mortgage requirements.
38:24 - More mortgage broker insider secrets. Different lenders look at rental suite revenue in different ways and that could get you the house you really want.
46:30 - Question of the Week
How is the penalty calculated to get out of a mortgage contract? Stephanie schools us on the penalty implications related to 'posted rates' that infer a 'discount' was provided and gets added to the penalty.
51:32 - Storytime
Stephanie has a mortgage horror story that hopefully won't become too common as market conditions change.
*** ***
Send your feedback and questions to feedback@morealestateshow.com
Look up the co-hosts at:
thenewwestguys.com (Matt Brabbins and Jeremy Rae)
realestatenewwest.com (Geoff McLennan)
Comments (0)
To leave or reply to comments, please download free Podbean or
No Comments
To leave or reply to comments,
please download free Podbean App.