In this podcast episode, Alex McFadyen, from Flow Mortgage Co., delves into the imminent crisis in the real estate market, popularly termed as the 'renewal crisis' or 'renewal wall.' He discusses the recent OSFI report and its implications for borrowers, investors, and the housing market. The conversation covers the different types of mortgages, potential impacts of higher renewal payments, and strategies for managing loans during this critical period. Alex provides insights on refinancing, extending amortization schedules, and the impact of variable mortgage rates. He also addresses common misconceptions and offers actionable advice for those approaching mortgage renewals. The episode aims to equip listeners with the knowledge and tools to navigate the challenges posed by the impending renewal surge.

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If you’re coming up for mortgage renewal and you’re concerned, worried, or just want to see what other options are out there. Do not hesitate to get in touch with us at Flow Mortgage Co. through the website link below, our services generally come at no cost to you so it never hurts to have a discussion.

Alex McFadyen is a seasoned independent mortgage broker with over 11 years of experience in the industry. Alex is the owner and Mortgage Advisor of Flow Mortgage Co.

Alex’s Social Media: @themortgagepug

Ready to take the plunge into homeownership? Don’t miss our comprehensive First-Time Home Buyers Course available at the link below. This essential resource is designed to guide you through the maze of purchasing your first home with confidence and ease. Free for a limited time to listeners of the show!

https://alex-s-school-7883.thinkific.com/courses/first-time-home-buyer-course

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