In this episode of Realty Bytes Conversations on Real Estate and Lifestyle, host Evelyn Lopes with The Evelyn Lopes Realty Team in Caledon ON, speaks with mortgage agent Bilal Lone from 8Twelve Mortgages in Toronto ON, about the recent changes to the Bank of Canada interest rates with commentary on the reasons behind these changes along with implications to the marketplace. Bilal also shares winning strategies for home buyers looking to finance home purchases and investments in today’s market.
In this episode of Realty Bytes Conversations on Real Estate and Lifestyle, host Evelyn Lopes speaks with mortgage agent Bilal Lone about the recent changes to the Bank of Canada interest rates with commentary on the reasons behind these changes along with implications to the marketplace. Bilal also shares winning strategies for home buyers looking to finance home purchases and investments in today’s market.
A synopsis of the recent Bank of Canada interest rate change and increase is discussed along with some of the reasons behind the changes made by the Bank of Canada. A look at future mortgage rate environments and trends is also discussed. Mortgage broker Bilal from 8Twelve Mortgages also discusses strategies and new and revised mortgage products that can assist home buyers as they strategize options available to finance home purchases in today's changing mortgage and real estate markets.
Overall, this episode provides valuable insights for anyone considering purchasing a home or investment property.
Time Stamps:
1:36-4:52 - Commentary on Bank of Canada Rate increase (July 2023) and reasons behind it and where we are going in terms of future rates
4:45-6:03- What is on the mortgage horizon
7:25-8:00- Mortgage Wellness Check
8:01- 8:28- Co-equity Mortgage Programs
8:30-9:38- No Stress Mortgages
9:42-12:09- Self Declared Income Mortgages
22:32- 23:32- Mortgage Tip 1- Your current existing variable rate mortgage
23:33-24:15- Mortgage Tip 2- Buying a new home
Get Your Free Mortgage Wellness Check- Click for access: https://partner.8twelve.co/partner/evelyn-lopes/
Contact information:
Bilal Lone
8Twelve Mortgage Corp
647-362-9312
bilal@8Twelve.mortgage
Evelyn Lopes | The Evelyn Lopes Realty Team | iPro Realty Brokerage
905-965-5902
evelyn@evelynlopes.com