Open House - The Real Estate and Mortgage Show
Steve, Frank and Paul take all your real estate and mortgage questions.
On this week's episode of the Real Estate and Mortgage Show, the guys tackle several issues that are top of mind for Canadians right now. This week's topics include locking in a low mortgage rate, first-time home buyers, investing in mortgages, and putting your home on the market.
After recent activity in the bond market, it is anticipated that mortgage rates are set to rise in 2013, making now the time to lock in a low mortgage rate. Whether your mortgage is up for renewal in the next few months or not, it's worth calculating what the possible penalty would be to break the mortgage before maturity. If the penalty is less than the potential savings a lower rate would provide, an early renewal may be beneficial. Talk to an Ottawa Mortgage Broker for more details.
Another hot topic on this week's show is investing in mortgages and real estate. It is believed in 2013, these methods of investing may outpace somewhat more traditional investments, as they offer a more attractive rate of return and more predictability for the investor.