4 Tips On How To Secure The Best Mortgage Rate - Greg Hamre - RE/MAX Affiliates Realty Brokerage

Описание: HOW TO GET THE BEST MORTGAGE RATE🏦
4️⃣Four insider TIPS 👇👇👇👇
👥We all know that interest rates are on the rise.📈
It's a headline, but there are simple ways to ensure that you get the most affordable rate and are locked in.🔐
My name is Greg Hamre from RE/MAX Affiliates in Ottawa and the Hamre Real Estate Team.👨‍💼
Six months ago6️⃣, we said that interest rates could double❎2️⃣ and there were lots of people that said I was crazy. 🤪
Our outreach and our knowledge 🧠 with the are studying📚 with the economists in Canada and our weekly communication 🗣with some of the best mortgage brokers in Ottawa, gives us a real insight 🔬as to what is happening, always.👌
Mortgage rates have doubled ❎2️⃣as far as posted rates go but there are still some amazing deals out there.❗👀
We'll tell you🗣 how to get those today. 🙂You have to look at the facts and in Ottawa, the average price for a freehold home is $829,000. So $830,000 for a condominium.🔑
It's $473,702 The posted rate today for a fixed mortgage is 4.49%. And that's expected to go up.📈
We're seeing up to 4.79% with some of the banks🏦 already with a 25-year mortgage and 20% down, you're looking at $3,684 a month, principal and interest.
🤑We can still get you a variable rate and a variable rate that is very attractive, and you can still grab this today at 2.1% or 2.2%, depending on who you're talking to. 🤔
The secret is you're going a variable insured. So you're only putting less than 20% down. You're going with a 10% down over 25 years.🤫
That's $3,200 a month. It's almost $500 a month, less.😎
↘️A lower deposit, ↘️lower down payment condominium, same story. $473,702 - 4.49% over 25 years or $2104 per month.
If you go with %2.2, one with a variable, a variable insured. That's the secret 🤫25 years, 10% down. You're less than $2,000 a month. You're $1827.
🤫The secret is you need to connect with a mortgage broker.⚠️
Don't just walk into a bank🏦 and say, 'I want to talk to someone at the counter.'😐
🤳Reach out to us.😃 We'll connect you with the right mortgage broker. You need a specialist and we know the best.🤗
Secondly, lock🔒 in your rate for 120 days. If the rate came down,⬇️ we can get you a lower rate between that 120 days.⤵️
🛒👜The 120 days allow you a 60 to 90-day shopping period. 🛒👜
Then, depending on where you are at, another ➕60 to 30-day closing.🤝
👁So, you have to close within 120 days. And you'll see a lot of buyers💰 are really scrambling 😵to get that right now, because, at 2.1% in a condo or freehold, you're very attractive😍 and those rates.
I skip ahead, that's my number four. 😅
👀Number four would be locked into a variable over a fixed rate now.
And then my number three-point was the stress test. 🧐
The stress test with a lower↘️ with variable mortgage rate will get you a lower rate. ↘️
So, if you're going with the stress test and you're under 20%, go with a variable because you'll get a lower stress test amount and that'll save 💰you a lot of money as well, and allow you to get into your home purchase.🏡🔑
🔔Economists are saying that Ottawa will not see 25% increases anymore. ❎ Like we've seen in the last two years in a row, but we are expected to see📈 5% to 6% growth per year for the next four years out. ⏳
So, is this the top?🔝 Is this the peak of the market? 🏘🗻
Well, it's the peak of the market for June 1st, but if you get in now, and you're looking at ↗️a 5% increase in the next year and another 5%.🆙
👀All of a sudden four years go by 🤯and you see there's another 20% increase. 🆙
Buyers want to get ahead of this market.🧐
🔔You want to get ahead of the interest rate🔔, buy a home, get in with a mortgage payment that's comfortable for you.🏦🏠
❗⏱Now's the time to do it. ⏱❗
Sellers, you want to be on the market now because affordability is an issue.📊
More people can afford your home today. Rather than being able to afford your home when the mortgage rates go up again.💰💹
👀🗓Again, we're expecting that next, later this week. 🗓👀
📲If you have any questions on mortgage rates. On how to connect with the best mortgage rep,☎️ and on what the secrets 🤫to getting the best rates outside of what I've already told you, please reach🤳 out to us.👍
🗣We're here to help you.🤝
My name is Greg Hamre from RE/MAX Affiliates in Ottawa and the Hamre Real Estate Team. 👨‍💼
🏡We hope to see you soon. Take care.🏡4️⃣Four tips on how to get the best interest rate from your mortgage broker in today's market.🏦
👥We all know that interest rates are on the rise.📈
It's the headlines, but there are simple ways to ensure that you get the most affordable rate and are locked in.🔐
My name is Greg Hamre from RE/MAX Affiliates in Ottawa and the Hamre Real Estate Team.👨‍💼
Six months ago6️⃣, we said that interest rates could double❎2️⃣ and there were lots of people that said I was crazy. 🤪