Friday Jan 08, 2021
Is It Time For A Fixed Rate Mortgage?
Make Money Count
Welcome to Make Money Count, a podcast focused on the Canadian economy, Real Estate, and your mortgage. We’d love it if you’d join us as we explore options that put dollars back into the average Canadian’s pocket. Subscribe for new episodes weekly!
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Friday Dec 18, 2020
Friday Dec 18, 2020
Cannect has been providing 5-star rated home financing solutions to Canadians and helping build equity for investors for over 5 years.
With offices in Toronto and the GTA, Cannect has served thousands of borrowers and investors from Toronto, the GTA, and across Canada.
If you're looking for a stable investment, take a look at the Cannect Mortgage Fund.
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Notes:
0:00 - Marcus asks Justin if he takes the Fixed or Variable Rate right now.1:20 – What are the three decisions behind choosing a Fixed or Variable rate mortgages?3:00 – What are the risks involved with these different decisions?5:00 – What factors impact the price to borrow?5:45 – What might be an indicator for rising lending rates?8:00 – How important are COVID stimulus packages to the Canadian economy?9:15 – Why are the Fixed and Variable rates so close together right now? (Hotdogs & Hamburgers)11:12 – What to do if you are currently buying a property.12:00 – We are not out of the woods yet! What is in store for the future?14:00 – What direction could rates be headed next?15:05 – What to consider if taking a fixed rate.15:57 – What is the penalty to break a mortgage?17:42 – Marcus summarizes our conversation.
#Mortgages #Cannect #CanadianEconomy