Mortgage News
The Real Estate and Mortgage Show - April 6
Steve and Frank are joined in studio by Paul Rushforth. The trio tackle current real estate and mortgage issues.
Published
On this week's Real Estate and Mortgage Show, Paul Rushforth joins Steve Gregory and Ottawa Mortgage Broker Frank Napolitano for an informative hour talking Ottawa real estate, renovations, first-time buyers and rental properties.
With more and more first-time buyers entering the market, Frank touches on a few key points that every first-timer should know.
- Obtain a pre-approval. Doing this beforehand will make the process of finding a home, and having your mortgage approved, much smoother.
- Know your budget. There are many costs associated with home ownership that are often forgotten while spending several years renting. Property taxes, maintenance fees and default mortgage insurance are just a few examples of the additional costs of owning a home.
- Develop a working relationship with your Mortgage Broker, and ask questions. A Mortgage Broker's job is to educate and guide you through the mortgage process. Having good communication is key, as this is who you will likely speak with when it comes time to sell, upgrade or renew.