😳 There's a 🇨🇦$15 Billion 🐘 in the room!
With more than 🏘️ 2.2 MILLION Mortgages up for renewal in the next 2 years & the sharp jump in interest rates -- Many people are bracing for their renewals 🫣
(It's estimated to be around ~ 35% increase in monthly mortgage expenses‼)
We've brought in 👋 Eric Sabatini - a Mortgage Agent with The Mortgage Group (FSRA# 10315) to share insights into how you can prepare for your renewal & come out the other side in your best-case scenario 🏆
Eric drops some absolute nuggets about mortgages & you definitely do NOT want to miss when he shares: 🔥 3 Tips for Renewal Success 🔥
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These are key for the best renewal process possible!
📣 If you'd like to do a deep dive into your situation, Eric is happy to connect & chat about options specific to your unique needs - https://www.mymortgageniagara.com/
🏡 If you decide Selling is the best option for you, let's connect & chat about your options - http://www.genuinerealtor.com/
📍 Happily serving communities on the Western Shores of Lake Ontario: Oakville, Burlington, Hamilton, Grimsby & Lincoln -- If you are outside of my areas, I am happy to connect you with a genuine REALTOR in your area!
Rochelle Edwards
REALTOR®/Broker
The Genuine Realtor
[email protected]
S. Todd Real Estate Ltd., Brokerage
Chapters:
0:00 - $15 Billion Elephant in The Room
0:35 - Interest Rate Shock
1:33 - Why the rapid increase in rates?
2:55 - Variable Rate Mortgage Options
5:33 - How Fixed Rates work
7:17 - Successfully navigate your options
8:07 - Mortgage Renewal Tips
10:50 - When selling is your best option...