Open House - The Real Estate and Mortgage Show
On this week's show, Steve and Frank sit with Chris Hoare, an investment specialist from the Paul Rushforth team, to talk about investment properties. The guys are also joined by Mike Pilon of Romantic Fireplaces.
This week's episode of the Real Estate and Mortgage Show is full of helpful tips for buyers and sellers alike. From current mortgage rates to selling your home in the winter, this week's show is packed with information.
With so many homes on the market, buyers are becoming more savvy in the search for their dream home. One of the topics this week is the importance of cultivating a relationship with a professional real estate agent who will learn your needs and find the properties that will fit best. They should also be on the lookout for red flags that buyers may often miss.
One of this week's callers was interested in a rate hold on an investment property. Frank reminds potential investors to be aware that when purchasing an investment property, lending qualifications are different than for an owner-occupied property. Mortgage rates are traditionally slightly higher, and all lenders will require a minimum of 20% as a down payment. For more information, contact an Ottawa Mortgage Broker.