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Mortgage Mayhem: The New Reality of Interest Rates
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Get ready to rethink your mortgage strategy.
In this episode, Kim and Polly are joined by Monique Cornish, a mortgage broker affectionately known as "Magical Monique”, exploring how recent rate hikes have dramatically shifted the home buying landscape, slashing purchasing power and reshaping financial strategies.
With 19 years of industry experience, Monique demystifies the impact of fluctuating interest rates, explains the nuances between adjustable and variable rate mortgages, and shares valuable insights on porting, refinancing, and the significance of mortgage insurance.
This engaging discussion not only highlights the importance of staying informed but also provides practical advice for navigating today's volatile mortgage market.
Listen For:
04:11 - Variable vs. Fixed Rate Mortgages
09:58 - The Role of Media in Mortgage Misconceptions
11:16 - Adjustable-Rate Mortgages Explained
20:00 - Porting Mortgages: Is It Worth It?
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Connect with Guest: MONIQUE CORNISH, Mortgage Consultant
Website | Facebook | LinkedIn
KIM TAYLOR – Rennie & Associates Realty
LinkedIn | Instagram | Website | Facebook | YouTube | X
POLLY REITZE – Engel & Völkers
LinkedIn | Instagram | Website | Facebook
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