The Real Estate and Mortgage Show - January 31
Steve Gregory and Frank Napolitano are joined by Barb Kramer, Mortgage Agent at Mortgage Brokers on the latest Real Estate and Mortgage Show.
On this week’s episode of The Real Estate and Mortgage Show, Steve Gregory, Frank Napolitano and Barb Kramer discuss the surprise Bank of Canadarate drop, why lenders have not met the drop all the way, and mono-line lenders consumers may not be familiar with . Frank also talks about why penalties for some of the mono-line lenders are less than the more known "Big Banks".
Frank discusses some of the ultra low mortgage rates some lenders are offering, and compares the pros and cons. One lender in particular is offering a product with a lower rate than its competitors, but if for any reason, the mortgage must be broken early, charges a much more higher fee than the typical lender.