Mortgage Trigger Rates | What Banks WON'T Tell You

Описание: Thanks to all the interest rate increases in 2022 a number of variable rate mortgage holders are wondering if their mortgage is going to hit the trigger rate.

More than that, they want to know what a trigger rate mortgage is and what the trigger rates are here in Canada.

In this video, you’ll learn what is a trigger rate, what is a trigger rate mortgage, which mortgages have trigger rates and how the constant mortgage rate spike is changing the payments of variable rate mortgage holders.

You also have options when mortgage rates increase, sometimes ones that aren’t well explained by the big banks.

In an effort to educate you on what your options are, I go through what you can do if your variable rate mortgages trigger rate is hit.

Toss a comment down below and let me know what you would do if your trigger rate is hit.

Time Codes:
0:00 - Intro
0:18 - How A Variable-Rate Mortgage Works
0:46 - What Are Trigger Rates?
1:42 - Trigger Rates Vs Trigger Point
2:23 - What Are Your Options?
2:51 - Bonus Option

Links Referenced:
https://www.canadianmortgagetrends.co...
https://canadianmortgageapp.com/blog/....
https://askross.ca/variable-rate-mort...
https://www.bankofcanada.ca/core-func...

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Thanks for watching and keep investing in yourself!


Disclaimer: I am not a financial advisor, this material is for educational purposes only. Please do your own research before making any investment. This video is not sponsored by any of the brands mentioned but some links above are affiliate links. They do not cost you anything but I may make a small percentage if you choose to buy a product.

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