A chattel mortgage is a loan for a manufactured home or other movable piece of personal property, such as machinery or a vehicle. On this episode, Pete, Sue, and Mindy chat about what these loans look like in the mortgage industry.

The Bank of Canada held it's interest rate this morning. After 10 increases over the past couple of years, Canadians are faced with higher mortgage payments than ever before. So what does this mean for us now? What is the Bank of Canada looking for between now and the next annoucement on October 25, 2023?

Have a listen to this morning's brief conversation, as we hash out some of these questions.

We are interrupting our regular podcast flow for a bonus episode on preparing for a natural disaster. Whether you're in the Okanagan, on Vancouver Island, or somewhere else in the world, this episode is meant to get you thinking about how to prepare for fires, floods, earthquakes, and whatever else Mother Nature brings.

How does your mortgage broker choose your lender? Why do some lenders have a branch location, while others do not? What is a Monoline lender?

On this episode, Pete, Mindy, and Sue find answers to these questions in their chat with Sarah Almond from First National Financial. Sarah has been working in the mortgage industry since the early 2000's and joined the First National team in 2015. She is located in Kelowna and brings deep industry knowledge and excellent problem solving skills to her Account Manager role for the Interior of British Columbia. Sarah believes that education and partnership are paramount to the momentum of our industry. Her ability to inspire and connect instantly with people enables her to nurture and develop relationships with brokers.

In the third and final episode of the RAM! series, The Mortgage Life hosts discuss the basic parameters, common misconceptions, and the risks involved with building an empire (i.e. your rental investment portfolio). What is your purpose? How many properties will you own? Do you have the time and a solid financial plan? Check out the conversation!

Mindy, Sue and Pete talk with Brendon Ogmundson, chief economist from the BC Real Estate Association, about the Bank of Canada’s 0.25% rate increase this morning.

Brendon gives his insights about the latest rate increase, what the Bank of Canada is trying to do with all these increases, and when we might see rate increases stop… or even start to go back down.

Check it out!

Mindy, Sue and Pete discuss the Bank of Canada's rate announcement this morning and... here we go again! Another rate increase today of 0.25%. How does the Bank of Canada deal with inflation that is made up of increasing housing costs? And how do you handle those increasing costs? Tune in to find out!