The Mortgage Life

The Mortgage Life
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The Mortgage Life

Down to earth conversations about how mortgages contribute to your life. Join Mortgage Brokers Pete, Mindy, and Sue, as they explore Canadian mortgage-related topics.

  1. SPECIAL FEATURE December 11, 2024 -Bank of Canada UPDATE

    12/11/2024 · BONUS

    SPECIAL FEATURE December 11, 2024 -Bank of Canada UPDATE

    Christmas presents being given out by the Bank of Canada? Yup, that's right! The Bank of Canada announced today that they're cutting the overnight rate by 1/2% to 3.25% today. That means variable rate mortgage clients and those with lines of credit should see some relief in their rates shortly. Tune in to get our take on what happened and where we're going in 2025.

    11 min

  2. 12/04/2024

    e53 - CoSigner VS Guarantor

    Co-Signers and Guarantors – what exactly are they and when would you need them? In this episode we chat about potential options of including cosigners or guarantors when you can’t qualify for the mortgage on your own. We also review what is required, their legal obligations, and how easy (or difficult) it is to remove them at a later date. If you have a co-signer or guarantor on your mortgage, tune in to get all the details.

    22 min

  3. 11/06/2024

    e52 - Fall Summer-y

    From policy changes to interest rates to home values, this in an enlightening chat with Dustan Woodhouse, author of Be the Better Broker book series. After a challenging couple of years in the mortgage and real estate industry, and following the most recent drop in the Bank of Canada interest rate, we hope that you enjoy the extra perspective in this episode!

    53 min
  4. SPECIAL FEATURE October 23, 2024 -Bank of Canada UPDATE

    10/23/2024 · BONUS

    SPECIAL FEATURE October 23, 2024 -Bank of Canada UPDATE

    Today, the Bank of Canada announced another rate cut - the fourth consecutive rate cut for the Bank this year. And, to top it off, today's rate cut is twice the size of previous cuts at 1/2 percent! Tune in to get Pete and Mindy's take on the rate cut, why it was a jumbo sized rate cut, and what might happen at the Bank of Canada's next announcement on December 11th. Have a listen!

    8 min

  5. 10/09/2024

    e51 - Loan and behold! What documents do we NEED?

    The beginning of a broker / client relationship is warm and encouraging as we discuss the client's goals and how we can achieve them...then we ask for supporting documentation... Quite often a client may feel like we're asking for too much information, and it can be quite a bit of home work for the client finding all the pieces! In all cases each lender is very specific on what they want to see in order to verify income, down payment, property details etc. We do our best to streamline the process for our clients, but document collection is a reality when it comes to getting approved for a mortgage. This episode lays out all the various documents that may be required under various scenarios. If you haven't applied for a mortgage before, this is a great listen!

    41 min

  6. 09/17/2024

    SPECIAL FEATURE September 17, 2024 - Policy Update

    Effective December 15, 2024 there are some MAJOR changes to insured mortgages. One big change is that purchases of up to $1.5M can now be insured mortgages which means your down payment can be less than 20%. Another change is bringing back 30 year amortizations on insured mortgages. Buyers who are considered first-time home buyers or buyers of newly built homes can now get a mortgage with a 30 year amortization. Lastly, we discuss the latest inflation numbers with CPI coming in at 2.0% for August which means there could be some downward pressure on variable rates. Have a listen to see what we think!

    11 min

  7. 09/11/2024

    e50 - What DOES a Mortgage Broker do??

    What DOES a mortgage broker do? Good question! And turns out Pete and Mindy could speak about it for days! In a nutshell, mortgage brokers are independent, licensed, regulated and educated professionals who are absolutely determined to understand their clients financing needs! Have a listen to Pete and Mindy' chat!

    33 min
  8. SPECIAL FEATURE September 4, 2024 -Bank of Canada UPDATE

    09/04/2024 · BONUS

    SPECIAL FEATURE September 4, 2024 -Bank of Canada UPDATE

    The Bank of Canada dropped the overnight lending rate by 1/4 % today. Check out this episode for our analysis of the rate drop and what's coming for possible future cuts.

    9 min
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About

Down to earth conversations about how mortgages contribute to your life. Join Mortgage Brokers Pete, Mindy, and Sue, as they explore Canadian mortgage-related topics.

Information

  • Creator
    The Mortgage Life
  • Years Active
    2022 - 2024
  • Episodes
    73
  • Rating
    Clean
  • Copyright
    © The Mortgage Life
  • Show Website
    The Mortgage Life

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