This week on the REAL Collective podcast, our hosts are discussing the shifting landscape of mortgages: what you need to know.
In this episode, Sean and Kyle dive into the recently announced changes in mortgage lending. They break down adjustments to down payments and the stress test, which are creating more opportunities for buyers and increasing competition among lenders. They explore why now is a great time to buy and discuss the broader impact of real estate on the economy. You'll also hear valuable tips on how to protect yourself as both a consumer and a professional, along with some exciting success stories!
Don't miss out on another extremely valuable episode of the REAL Collective Podcast. Keep it REAL Collective!
To learn more about REAL Collective Marketing and how it can benefit your business, visit: https://realcollectivemarketing.ca/
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Book a meeting with Sean or Kyle today!
Sean: https://calendly.com/seanrealcollective
Kyle: https://calendly.com/kmmortgage/phone-connect
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Intro (0:00)
What are the changes that are happening in the finance world? (2:34)
What are the changes to downpayments? (3:00)
Keep this all in perspective with some math (4:00)
The cash flow game (5:12)
Make sure to look at comparative numbers (6:20)
Updates to the stress test (8:34)
The effect on mentality (10:45)
What a great opportunity for buyers (11:04)
What is the perfect buyer right now? (11:44)
The value of the stress test (13:12)
Real estate’s impact on our economy (14:20)
REAL Collective Marketing (16:40)
Second half (17:12)
How do you protect yourself as a consumer or a realtor? (17:35)
The importance of putting conversations with professionals in writing (18:23)
Communication is a two-way street (20:05)
Buildings that are flagged with asbestos (21:40)
Ask the question the right way (24:35)
Recent successes (25:35)