Our first guest returns!
She’s well spoken. She knows her stuff.
Stephanie Barritt – Mortgage Architects
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.